š„ Easy Way to Find Support & Resistance Using ZigZag (Swing High/Low) š
š What is Support & Resistance?
Support (Buying Zone) ā Price touches a level and bounces up multiple times.
Resistance (Selling Zone) ā Price touches a level and drops down multiple times.
š Step-by-Step Method to Find Strong Levels (EASY WAY!)
ā 1. Use Swing High/Low (ZigZag) Indicator
Swing Low (Green Dots) = Possible Support
Swing High (Red Dots) = Possible Resistance
If a level touches 2-3 times, it becomes a STRONG SUPPORT/RESISTANCE!
ā 2. Draw Horizontal Lines on Key Swing Points
Go to 1H, 4H, or Daily Chart
Mark recent Swing Highs & Swing Lows using horizontal lines.
Higher Timeframes = Stronger Levels!
ā 3. Confirm with Other Indicators (For Accuracy)
RSI < 30 (Oversold) at Support ā High chance of bounce.
RSI > 70 (Overbought) at Resistance ā High chance of rejection.
200 EMA (Moving Average) ā If price is above, support is stronger; if below, resistance is stronger.
ā 4. Look for Fake Breakouts!
Sometimes price breaks support/resistance but comes back (fake breakout).
Wait for a Candle Close above/below the level before entering a trade.
ā 5. Use Price Action for Entry
Bullish Engulfing at Support ā Buy Signal š
Bearish Engulfing at Resistance ā Sell Signal š
š” Pro Tips:
š¹ Check at least 2-3 touches on a level to confirm strong support/resistance. š¹ Use 4H or Daily timeframe for best accuracy. š¹ Donāt enter blindly! Always check RSI or MACD for confirmation.
š„ Final Advice: If you're confused by too many levels, just focus on the most recent swing points & major timeframe levels (4H/Daily). That will keep things simple & clear! š
The crypto market is facing a correction, but recovery is highly likely due to key factors:
š¹ Bitcoin Halving Effect ā With the recent Bitcoin Halving, supply has decreased while demand remains high, leading to a potential price surge. š¹ Institutional Investments ā Big players like BlackRock & Fidelity are backing crypto ETFs, increasing long-term confidence. š¹ Market Cycles ā Crypto has always followed a boom & crash cycle (2017, 2021). A major bull run in 2025 is still on the horizon. š¹ Regulatory Clarity ā Governments are moving towards clear crypto regulations, boosting investor trust. š¹ Altcoin Season Incoming ā As BTC stabilizes, Ethereum, Solana, XRP, and ADA are expected to perform well.
ā Stay Calm ā The Market Will Recover! ā³ Short-term dips are temporary, long-term growth is coming!
Trump's move aims to position the U.S. as a global crypto leader by establishing an official crypto reserve. However, Bitcoin maximalists are outraged, criticizing the inclusion of altcoins and labeling it a "Shitcoin Reserve."
š Market Impact: ā Increased confidence in crypto adoption ā Potential institutional investments ā Division between BTC supporters & altcoin investors ā Possible market volatility
What are your thoughts on this? š¬š„ $BTC $ETH $BNB
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š“ Key Advice After Bitcoinās 20% Drop: 1ļøā£ Reduce your investment size to a level you can handle to maintain mental stability. 2ļøā£ Market dips are normal, and if you're feeling stressed, it might mean your position is too big.
š„ Long-Term Crypto Belief: š CZ hasnāt sold any of his BTC or BNB holdings. š He believes Bitcoin wonāt die and will remain a key part of the financial system.
⨠1.Open a Chart - Use a platform like TradingView or any charting tool. - Select the asset (e.g., Bitcoin, USD, etc.) and choose a timeframe (e.g., 1 hour, 4 hours).
⨠2.Look for These Common Patterns: - Uptrend: Higher highs and higher lows (price is moving up). - Downtrend: Lower highs and lower lows (price is moving down). - Support/Resistance: Horizontal lines where the price bounces or reverses. - Triangles: Price moves between two converging lines (could break up or down). - Double Top/Bottom: Two peaks (M shape) or two valleys (W shape) at the same level.
⨠3.Draw on the Chart: - Use the drawing tools to connect highs and lows. - Label the pattern (e.g., "Head and Shoulders," "Triangle").
ā Example: - If you see the price making two peaks at the same level and then dropping, itās a *Double Top* (bearish reversal). - If the price is moving between two converging lines, itās a *Triangle* (could break up or down).