MAJOR SUPPORT AND MAJOR RESISTANCE
BTCUSD is the market where the charts are taken on the 4-hour time frame, you can see that the charts are made on July 26, 2019, in which the market position is shown on the basis of Major Support and Major Resistance. Along with the demand and supply zones are also shown. Demand zones are $ 9121 to 9450 and supply zones are between $ 10842 and 11055.
Resistance, which is $ 11055, or with its supply zones near it, and support which are from $ 8960 to 9121, or say that there is only demand zone in close proximity, in this way you have noticed that Major Support and Major Resistance Demand zones and supply zones are also built with this. In this chart, you have to look at double top and double bottom, which is made at top 1 $ 1150 and top 2 $ 1150. Based on this texture we can call it double top,
Similarly, when the market was made low, then even in the place of double bottom, which is the bottom 1 $ 9121 and the bottom 2 $ 9121, we can say that the market is double bottom.
Looking at this situation, you can say that in this way the status of Major Buy and Major Sell is shown.
If you look at the current situation then the market is in down trend.
In this situation, if there is a need to buy or sell, then when the market is on support area or support under the demand zone, which is $ 9121 and the stop loss may be $ 8900, but can not decide stop loss from now, because of that time Stop losses can be applied according to what the market volume will be or how the market forms.
The status of the second buy is made when the market resistance which is $ 11050, if there is a sub-caste in the current market, then if the market is successful in breaking the resistance with high voltage, then it should be noted that the market The bullish candles that have been broken are said to be the opening of the candle and closing is said if the candle breaks the resistance by opening the bottom of the supply zone. Buy give up went Closing If you buy the price to $ 11,050 between Resistance in situation it leads to price buy, Stop losses can be invested by keeping the market's status in mind, but if you see the supply zone now, then the stop below the stop loss zone, which is $ 10800, can be stopped at this price and this market Changes can also be done according to the situation.
Please use this post for your knowledge and increase trading skills.
Thank you.
Resistance, which is $ 11055, or with its supply zones near it, and support which are from $ 8960 to 9121, or say that there is only demand zone in close proximity, in this way you have noticed that Major Support and Major Resistance Demand zones and supply zones are also built with this. In this chart, you have to look at double top and double bottom, which is made at top 1 $ 1150 and top 2 $ 1150. Based on this texture we can call it double top,
Similarly, when the market was made low, then even in the place of double bottom, which is the bottom 1 $ 9121 and the bottom 2 $ 9121, we can say that the market is double bottom.
Looking at this situation, you can say that in this way the status of Major Buy and Major Sell is shown.
If you look at the current situation then the market is in down trend.
In this situation, if there is a need to buy or sell, then when the market is on support area or support under the demand zone, which is $ 9121 and the stop loss may be $ 8900, but can not decide stop loss from now, because of that time Stop losses can be applied according to what the market volume will be or how the market forms.
The status of the second buy is made when the market resistance which is $ 11050, if there is a sub-caste in the current market, then if the market is successful in breaking the resistance with high voltage, then it should be noted that the market The bullish candles that have been broken are said to be the opening of the candle and closing is said if the candle breaks the resistance by opening the bottom of the supply zone. Buy give up went Closing If you buy the price to $ 11,050 between Resistance in situation it leads to price buy, Stop losses can be invested by keeping the market's status in mind, but if you see the supply zone now, then the stop below the stop loss zone, which is $ 10800, can be stopped at this price and this market Changes can also be done according to the situation.
Please use this post for your knowledge and increase trading skills.
Thank you.
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