support and resistance lines

[mast3rm1nd]

how do you identify support/ resistance lines? what timeframe do you use for best results (1h, 4h, daily, weekly) and also is you are using tradingview what's the name of the best indicator for support and resistance lines.
one more thing, from a TA point of view; how potent do you think s/r lines are ?? do we have some economists here to drop knowledge and statistics ?? thanks guys.

[1715032532]

1715032532

[1715032532]

1715032532

[1715032532]

1715032532

[amaral1977]

Some points on this. You can identify the support and resistence lines for yourself. or can rely on indicators such as fibonaci lines. The point here is that indicators are based on history, and market history is not very consistent in crypto. They also rely on volume, and most cryptos have low volume. Another point is that no indicator as proven it´s worth when used alone.

So i would´nt  rely on support and resistence lines alone.

As for time frame, you have to adjust the time frame on the type of trading you are looking for. Shorter time frames for shorter terms is the rule of thumb.

[rtinedal]

how do you identify support/ resistance lines? what timeframe do you use for best results (1h, 4h, daily, weekly) and also is you are using tradingview what's the name of the best indicator for support and resistance lines.
one more thing, from a TA point of view; how potent do you think s/r lines are ?? do we have some economists here to drop knowledge and statistics ?? thanks guys.

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resistance and support. These are good analysis that a trader should know. when that break the resistance can be support it. that's the safety line to enter. when I am charting my time frame is 1hrs and 4hrs only. That's all I know for support and resistance. if there is anything wrong with clarify that I can also correct what I do,

[omonuyak]

200 moving average on daily chart should be able to give near accurate support and resistance level and you should trading it when there is a breakout. Many people also use trend line to spot support  and resistance level and I think the best thing to do is to develop the one suitable for you. I do used candlestick pin bar formations to spot support and resistance level and because of how I have trained myself on this I can really spot trading opportunities on different charts.

[scryptotweets]

BTC support is at 3955  & Resistance at 4495  at present.

[gabbie2010]

how do you identify support/ resistance lines? what timeframe do you use for best results (1h, 4h, daily, weekly) and also is you are using tradingview what's the name of the best indicator for support and resistance lines.
one more thing, from a TA point of view; how potent do you think s/r lines are ?? do we have some economists here to drop knowledge and statistics ?? thanks guys.

Resistance and support lines are mostly drawn from a higher timeframe like weekly when trading on 4h chart, this will guide you as trader to take your profit and your stopp loss  based on the distances from your support and resistance lines because you cannot predict whether the price will break or stop at s/r lines, the higher the timeframe in trading the better e.g 4h above preferable.
And there is no better s/r indicator than yourself learning how to draw them there are a lot of videos on YouTube that you can use to learn.