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Elliott waves crypto analysis

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Se suspende la publicación de pronósticos sobre este tipo de análisis. Estudie otros tipos de análisis de analíticas FreshForex líderes en la sección "Fresh Forecast" del sitio..

Support and resistance system for cryptocurrency trading should only be used in a higher timeframe chart, like one hour and above. This is necessary because at such a higher time frame, brokers cannot manipulate the price to my disadvantage.

How I draw strong support and Resistance for Bitcoin, Ripple or Etherium.

Before I call a level strong, the same level must met the following conditions.

  1. Must have been used as a support before.
  2. Must have been used as a resistance before.
  3. There must be a big candle that broke through it at one point in the past!

Again, when drawing my support and resistance levels for crypto trading, I use a range, not a single line, this is because price tends to test particular level before retrieving, range caters for these levels.

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