In today's video analysis, rather than a detailed look at any one coin, I provide a general overview of Bitcoin, EOS, Ethereum and Ripple (XRP). Below the video you'll find key support/resistance areas for each coin, as well as where the analysis for each currency begins. I hope you find it helpful.
Video Analysis:
If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) in order to watch.
Bitcoin Key Areas of Support/Resistance (Analysis starts at the beginning of the above video):
EOS Key Areas of Support/Resistance (Analysis starts at 4:34 in the video):
Ethereum Key Areas of Support/Resistance (Analysis starts at 6:28 in the video):
Ripple Key Areas of Support/Resistance (Analysis starts at 9:30 in the video):
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005
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by Workin2005
Hi Workin, I'm very new to all this. I wanted to ask what you mean when you say something has to decisively break. How do you guage that? Is that on a candle close above a level for example? Apologies if this is a lame question and thanks for another great video. :-)
Hey @cedricthebull. That's not a lame question at all. I usually explain it, but may not have this time.
For me, a decisive break usually means a 4 hour candle opening and closing above or below whatever support/resistance point I'm referring to. This is not a technical term...more of my personal technique. There are times when I change that to a daily candle...but I'll usually state that in my analysis. Hope that helps.
Thanks for the explanation. As a newbie, timing my trades has proven to be very difficult. On the few times I have tried, I've entered thinking the price was above or below a certain level only to watch it reverse on me! Waiting for a 4 hour close may help with this! Thank you for taking the time to explain :-)
My pleasure. ;-)
Excellent explanations! Sometimes seems you don’t breath while talking! What an amount of information 🙂
Thanks. You're right @toofasteddie. I'm a bit of a fast talker...otherwise the video would be 30 mins long. ;-)
I can imagine
Posted using Partiko iOS
Thank you to share these levels with us ;)
Posted using Partiko iOS
Coins mentioned in post: