I’m still learning technical analysis and keep running into the same issue everyone seems to draw support and resistance differently.
Some people use lines, some use zones, some rely on previous highs/lows, others use indicators.
For those who actively look at crypto charts:
How do you personally identify strong support and resistance levels?
Any simple rules or mistakes beginners should avoid?
Not looking for trade calls , just trying .
How do you identify good support and resistance on crypto chart ?
byu/Sufficient-Tap6150 inCryptoMarkets
Posted by Sufficient-Tap6150
5 Comments
Levels matter most when multiple timeframes react to the same area.
If only one TF respects it, I usually treat it as noise.
Look for price levels where the chart keeps bouncing or getting rejected that’s support and resistance. Zoom out to higher timeframes for stronger levels. Using a clean charting platform like Coin Exchange World makes spotting these levels much easier.
Right now, Bitcoin price predictions and where BTC is headed next get the most engagement on social media. People love sharing charts and opinions, and platforms like Coin Exchange World make it easy to trade when those trends heat up.
Look for places where price bounces or rejects from.
It totally depends from person to person. For some zones work while some are good with Lines. You should put your hand on both and figure out your way, might find out both works for you