BITTREX:ETHUSD   Ethereum / Đô la Mỹ
Broke very strong resistance area , could continue highere.

Stuff to remember:

— First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further

— Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly

— Check the distance that price traveled before the trend ended, longer distances mean larger initial imbalances and improved probabilities in the future

— The strong initial move can contain a few small retracements but not so many that make this move slow and weak

— Avoid opposing levels on the same and immediately higher timeframes, prefer to have a clear road ahead for your trade to run

— Make sure your level is placed correctly (low for Demand, high for Supply) in relation to the big picture's important tops and bottoms

— Trading the first return of price to a valid "fresh" level carries the highest probabilities due to the larger imbalance

— A valid level is considered "fresh" if price has not returned to it since its creation. It has nothing to do with how old the level is
Double top??
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Looks good to me. 400 USD next.
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Thanks, believe
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Tradewonk dongvanlai
@dongvanlai, No problem
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Thank you for this sir!! I have learnt a lot from watching you place support and resistance lines. It is essential to understand these basics before moving on to learning other indicators. Thank you! :D
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Tradewonk isaaczcrypto
@isaaczcrypto, My pleasure
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Do you have any indicators you recommend for traders?
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Tradewonk jodijak
@jodijak, No i don't use anything, only what you see
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lapoochi Tradewonk
@Tradewonk, interesting you don't use any indicators at all? I'll admit I was trading better when I was using strictly resistance/support lines... I've been studying charting and TA for over a month and I think I've become paralyzed by over analyzing and have a hard time even entering a trade now if all my indicators aren't telling me to buy. I do think I'll come around soon and be able to couple technical analysis with resistance/support lines and levels but I do believe one could trade very successfully keeping it simple like yourself and just trading "what you see".
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Tradewonk lapoochi
@lapoochi, If you know what to look for, then you don't need a indicator to tell you that
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