[Read me]
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In this video, I cover support/resistance concepts in technical analysis and how to draw and trade horizontal support/resistance levels.
– Key Support/Resistance Principles
– High Probability Support/Resistance Structures
– How to Trade Different Types of Retests
– Time Frame Analysis
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00:00 – 1:22 – Disclaimer and Shoutouts
1:22 – 2:57 – General Remarks
2:57 – 4:15 – TradingView Setup
4:15 – 6:02 – Types of Levels
6:02 – 9:11 – Support/Resistance Flips
9:12 – 13:55 – Recurring S/R Tests
13:56 – 19:35 – First Test Best Test
19:36 – 23:46 – Criteria for a Strong S/R Level
23:47 – 25:16 – Trading the Inverse
25:17 – 29:26 – Retests
29:27 – 30:15 – Time Frames
30:16 – End – Conclusion
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Link to slides:
https://docs.google.com/presentation/d/1wwSRkJ8FCPvjT9oAI0RjflRHeCbJLCKhhEx7H3aGzUw/edit?usp=sharing
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Free TA lessons & articles:
https://docs.google.com/document/d/15c3rN15rkXldY8Te3GDG4NG7noaaoikydOoZQlElwXw/edit?usp=sharing
Twitter: https://twitter.com/CryptoCred
Telegram: https://t.me/cryptocredTA
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BTC: 3G3rTu8fcF6ZiR1dTqCFCfyv6DeNkTwcCW
YES!
Your first tip about turning off trend lines on different time frames is pure gold!!!
No need for 9 different tabs anymore. One chart for all time frames!
I like your videos man, GJ.
Can i ask [maybe newbie] some questions? When you explained on 17min [1st test of support], am i getting right the point? -> When support is not broken, you go long? And where you see next resistance there?
Br
Thank you!!!
Best video on S/R i have come across till date, Great work n ur simplicity in explaining kept up mood with out even a sec boring
Thank you 🙂
I AM EAGERLY WAITING FOR NEW VIDEOS
HI SIR, PLEASE PROVIDE THE VIDEOS ON HOW TO TRADE ON MCX CRUDE FEAUTRES ON 5 MIN OR 10 MIN INTERVAL. AS OF KNOW I M DOING PAPER TRADING USING THE REVERSAL CANDLES. BUT UNABLE TO FIND THE TARGET. YOU CANNOT FIND THE MCX CRUDEOIL CHART ON TRADINGVIEW. SO KINDLY FIND THE BELOW LINK TO FIND THE MCX CRUDE OIL CHART IN INDIAN RUPEES
https://in.investing.com/commodities/crude-oil-streaming-chart?cid=49774
I'm glad to have stubbled across this. I could have used it 12 months ago. Thanks for sharing!
I can tell this guy is really educated.. His vocabulary and understanding of basic math are excellent
Hey Cred and crew! Thanks so much for these lessons. You're great at explaining things and not wasting time. I have a question about finding S/R when there seems to be a range around where S/R land. When it isnt obvious and seems like the S/R lines are more of a zone than one obvious line. I normally draw a box or two lines and wait for the entire zone to be cleared. How is the proper way of dealing with this?
So clear, congrats!
first test best test
Amazing free content. Thanks a lot. There's a special place in heaven for people like you
Thank you sir!
I like your video! and I wonder which screen shot tool are you using ?(app name)
Awesome!
you along with adam khoo have done so done so much for giving back to the community..
You’re a guru cheers
Hi Crypto Cred. I love your videos. Do you have some advise for a good book to read. focused on crypto or if not possible focused on trading in common. Thanks
Thanks for the effort for making this! Cheers!
Do trend lines weaken as they are tested more and more the same as S/R?
Given that coins are traded against a few other coins (e.g. USD/T; BTC; ETH etc) presumably it's the S/R (and other TA?) from the dominant pair that is most relevant?
Hey, I'm reading "The New Trading For A Living" by Dr. Alexander Elder and he says "The longer a support or resistance area – the length of time or the number of hits it took – the stronger it is. Support and resistance, like a good wine, become better with age. A 2 week trading range provides only minimal support or resistance, a 2 month range gives people time to become used to it and creates intermediate support or resistance, while a 2 year range becomes accepted as a standard of value and offers major support and resistance. As support and resistance levels grow very old, they gradually become weaker. Losers keep washing out of the markets, replaced by newcomers who don't have the same emotional commitment to very old price levels. The strength of support and resistance increases each time that area is hit. When traders see that prices have reversed at a certain level, they tend to bet on a reversal the next time prices reach that level."
What are your thoughts on this?
Outdated?
Not applicable to crypto?
True in stocks and forex but not in crypto? Or some variant of this?
10/10 content.