RE: What does Support and Resistance really tell you?

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What does Support and Resistance really tell you?

in trading •  8 years ago 

Luc what's going on with bitcoin and Eutherium? Looks like correcting up to below the bases I thought were there?

trading
8 years ago by

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      ·  8 years ago 

    Trust me, Im watching things closely tonight.. ETH is just starting to crack a base.. I really hope there is some panic, so we can get an awesome trade

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      6 votes
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        ·  8 years ago 

      Luc, in the attached picture, do you have the same 'bases' as I have marked?

      I know in your last video, you mentioned that what matters is the most recent base. If I have those two bases in the attached pic, would it make sense to still consider that first base I have marked(farthest to the left)?

      https://www.coinigy.com/s/i/59602cc774572/

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          ·  8 years ago 

        I dotn trade on bitfinex but yeah those are the bases, however you there is a new one you didnt mark.. that last low bounced back to your previous base, so it now is the newest base..

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          8 votes
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            ·  8 years ago 

          Updates on that series for anyone who was following along. A few nice panics followed by retests:

          https://www.coinigy.com/s/i/59606d393dffc/

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              ·  7 years ago 

            thanks for sharing, pelt.

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