📊 Simple Way to Identify Support & Resistance on BTC Chart
S/R is the Foundation of Technical Analysis, Bro!
Without this, you're like trading with your eyes closed 🫣
1. What is Support & Resistance?
Support: The price area where buying pressure is strong enough to hold off a decline
Resistance: The price area where selling pressure is strong enough to hold off an increase
2. How to Identify S/R on Chart $BTC (manual & simple):
✅ Step 1: Switch to a 1D / 4H time frame
✅ Step 2: Look for price areas that often act as strong bounces (rejection candle, doji, pinbar)
✅ Step 3: Mark that area with a horizontal line / zone
3. Characteristics of Strong S/R Areas:
Has been tested multiple times
Price reaction in that area is quick and significant
The longer the time frame, the stronger the S/R area
4. Additional Tips:
Don't be too precise, think of it as a zone, not a thin line
Check the volume when the price touches that area
Combine with other indicators like RSI or StochRSI
📍 Simple Example ($BTC Now):
Strong resistance: 108K – 110K
Strong support: 100K – 102K
Price failed to break above? Beware of rejection back to support.
Break support? It could continue down to find new support below.
Support and resistance are not guarantees of reversal, but rational entry & exit opportunities.
The more often it's tested = the more valid, but also the closer to the possibility of a breakout.
Are you a breakout hunter or a bounce trader?
Drop how you read S/R on chart $BTC now, bro! 👇
