Bitcoin S&R

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Support & Resistance :

- When the two prices meet, consolidation between support and resistance.
- Called support and resistance reversal happens.

- A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed.

- If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support.

- So you got the idea, trading is magic.
- Always keep in mind all scenarios.
- Sometimes just watch and don't gamble!

Happy Tr4Ding !
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simple scheme :

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Adding a far view to make everything more understandable :

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