[Read me]

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

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

Link to slides:

https://docs.google.com/presentation/d/1wwSRkJ8FCPvjT9oAI0RjflRHeCbJLCKhhEx7H3aGzUw/edit?usp=sharing

Free TA lessons & articles:

https://docs.google.com/document/d/15c3rN15rkXldY8Te3GDG4NG7noaaoikydOoZQlElwXw/edit?usp=sharing

Twitter: https://twitter.com/CryptoCred

Telegram: https://t.me/cryptocredTA

BTC: 3G3rTu8fcF6ZiR1dTqCFCfyv6DeNkTwcCW

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24 COMMENTS

  1. 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

  2. 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?

  3. 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?

  4. 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?

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