a
  Sniper's foster here. Hope you guys are all having a great day
  today I would like to talk to you guys about support and resistance and
  As you can see in the background. I'm in this court our
  knowledge base
  The place where we share all of our information about trading about coins about news about
  Everything crypto and for those who have never seen this and don't know about snipers tube and make sure
  To look at the videos at snipers tube and join our discord you can find a description
  The links to this court and the sniper tube below
  This is our discord page in this case. I'm in the trading 101 channel where we have all of these patterns to our patterns
  That people can use in training that we use in training and
  These already show these blue lines alright. We're talking about support right here and resistance
  We're talking about support or resistance
  Here we got support
  Make up resistance
  So I like the type I'd like to take you guys to work or energy in this case to the vibe chart
  This is a two hour chart of 5 and
  What we see here by the way is seems to be there is a nice cup forming
  There's a slightly miss shaped handle where the dip is the handle and river breakout
  Or there was a short handle with already a break outs
  However to talk about support and resistance level, I would like to show you guys the volume on these charts
  This is the depth chart the market depth
  And what you see here, is these are sell orders?
  The lower right and this is a graph that shows how much
  how many people or what actually it's not so much how many people like what the volume is of the selling and
  Core energy in this case shows a certain
  selection of this map, but if you look at finance
  This is a same chart to our five BTC. We go through the depth
  And you can see we see a slightly different picture
  This will actually go all the way back to 9500 Satoshi. You can probably see my deform, or as you can see?
  And of course you can zoom in
  so one more time the
  Green is the butt art of buying orders, and they are all set by setting by limits
  That are activated
  Once it reaches a certain price and of course people want to buy
  You know lower people are not by the discount and let's buy at the top
  That's why the price will go down and here the price will go up because everybody wants to make a buck so
  There's gonna be more voice and people want to sell higher as you can see here around eleven thousand Satoshi
  There's gonna be you know a lot of sellers. Just like here at
  Ten thousand sound unless there's a lot of buying going up
  So if you turn this chair basically sideways, there's what support is on the left and resistors on the right
  By the way this gap in the middle is the difference between
  All the buy orders and the sell orders
  And this is where the market price is set what you see here
  And in this right column is where you can basically buy at market price, so these people all buy a market price
  They are not due set seller buy orders
  That's by the way a nice trick from or trick a nice function
  Functionality of Finance
  is that you can basically buy a market price and
  the nice thing is especially if you have like a
  small fraction of a Satoshi open of an ether a light coin you can easily buy
  You know maybe a couple of hundred more prawns or verges
  And sometimes or usually actually there's a limit. I'm not going to go in detail on this video, but when you set a
  limit
  then you need to do a minimum amount and
  Market pricing be just the smallest rection, so you can't write so that's a little tip
  Let's go back
  To
  point G and
  so what we see here invite we have of course green candles buyers going up and red going down and
  Prices for instance here do not go higher than this level
  it's trying to go higher as you can see from this week, but then I was pushed back so this area here I
  Mean I said
  Make a little an ellipse here
  Right that area there that
  Is already resistance
  So this is a resistance level
  There's people there's more and more people selling here keeping the price there
  So basically the red wall you saw is pretty high up here
  I can probably show you guys when I go to the let's go to the 15 minutes
  Okay, so what we see here
  is
  That there seems to be
  resistance at
  11,000 and
  Let's see let's confirm this on the chart and a level thousand level is right here
  So by the way if you select here you press hold H. You immediately set a line over the entire chart and
  As you can see this line this business line matches
  This selling it bounces off here you have these wicks bouncing off then it's I think we see what we have here is
  a breakthrough
  Also on this level that level we just set basically always zoomed in like
  So over here
  And
  Let's go back to this
  Chart to find out as you can see here. What would it be?
  For this one. I really have to go to finance
  As you can see it well the ten thousand is a lot of buying
  and there's a lot of buying at ten thousand one hundred and ten thousand two hundred so all those steps and
  those levels are all here I
  Should sue my little mark right
  10,000 and here's a 10100
  right here and
  there you have the
  Ten thousand two hundred seems to be here
  And
  That is how this works so?
  there's all these buying rolls here, and there's only selling walls there and
  If there is just enough pressure from either it can break through
  So I would like to take you guys to another coin, let's do
  Then
  Let's see if we can draw some
  Support lines because basically and realize that's what this is all about and
  Like I said, I like to you know I like to go at least to the thirty minutes preferably into our chart whoops
  There we go, okay, so what we have here is
  Let's say let's take the bottom of this week so
  This looks like to be like this a
  Pennant right and
  How did I draw this line well we have here basically proof and support points that actually go up
  So this would be an ascending line, maybe when we draw this line it might even end up
  Right here at this level I
  Think that's a little too opportunity to nastic, so let's just keep it here
  So this is the Penance right and here we have resistance right price ones go up
  It doesn't go up anymore, and it's tries to go through and it doesn't you see these wicks and here again
  So we have here lower highs and we have here higher lows and these foreign pennants and a penance well
  Supposed to break out and what you see here
  Is the break out there? We go? There's your break out?
  So you can go on and say well
  It looks like as if here
  There's a there seems to be if you look to the left here
  There's resistance there. There's resistance all of these areas
  we could take these wicks just
  To take an average and it's lines up here with the top, so let's do that
  So this will be a new support resistance line and
  What happens if you do that
  You can see these this rising these rising
  Areas here right so this point went up from this point
  When probably even up from this point so if you draw just a line from this area right here
  There we go
  So because this support will go up and here we have a resistance line that
  We've identified by these tops and by the history in the past is not just an accidental. It's not just a coincidence or an accident
  currently, right
  So what we have here is an ascending triangle
  And what happens there well
  We have a breakout again right there
  So this is where you break up
  And so if you apply these
  support levels and these resistance levels
  And you look at the big picture and you can set the big support lines resistance lines and around there you can start
  Making your your
  Trades in this case you can say hey, there's an ascending triangle most likely you might break out. Let's set a buy order
  Let's set a sell order on 35 percent 50 percent and our 25 percent
  And maybe a stop loss if it doesn't go through
  What we see here well, here's the top is this an all-time high looks like it so yeah
  I could choose the the top of the wick or I can choose these and doesn't really matter
  I can choose this
  So this is the highest price ever achieved so far almost
  Sixty four and a half a little bit more sixty four and a half thousand
  And if you zoom in of coral it'll but if you have these lines well, I can set another one maybe here
  Although this is it's kind of difficult, so this is a difficult one
  Let's go to the 15-minute chart
  and
  What what we see here we have even though these are all-time highs this seems to be a support line right here that
  Doesn't draw oh there we go
  It seems to be support with support here. We have support here and
  what we can do is we can say well, let's
  See how this goes
  So we might be looking at another ascending triangle just
  Like these stops seem to be going up
  although they they bounce off here of this line so
  This is another way, let's watch another way, but this is an
  You can draw these lines to drown I mean another sending triangle
  And of course to make a reference to one of my other videos by the Fibonacci
  If we apply if you may not see levels, I gotta make this one a little smaller here
  Obviously we see that there's a break down here break out here
  Okay, so let's say that this will be the lowest point here right this one and we
  Go all the way up through this area right here
  By there okay
  Okay, so now Fibonacci
  as you as I've explained you guys we can extend the lines like this and
  What you see here? Is that this is a prediction of future?
  support and resistance lines
  it doesn't always come through but in this case you can see this support line we we bounce off here is basically exactly the
  38.2 and
  What we see here is that there is actually bouncing off of the 60 1.8 level
  And as you can see here
  These weeks actually bounce off of the 60 1.8
  so this is
  once again one of those things if you
  Want to learn from where either an ascending line or a descending line?
  trend sorry and you
  project those lines into the future you have an estimate of
  support resistance lines
  So yeah there we go I
  Like to keep it keep this video short. I can't even though I know I keep talking yeah
  I hope you guys thought this was useful especially for those who are starting to trade?
  Always make sure you know
  Where support and resistance is?
  So from that base, you can start recognizing patterns, and you're going to be more accurate in predicting
  that what's going to happen, and if you just keep practicing this and
  You realize that hey, what what I've predicted here actually comes true
  And this was actually I made my first video was about that is to
  try these
  Patterns and then save them and look back if you were right
  Because if you're right then you can do the next step, and that's basically set your buy sell and stop-loss
  orders
  So you can actually start making some money?
  Well, I hope you guys appreciated the movie
  I hope the audio is a little better than last time
  I heard some comments on that, but I only have a webcam with a building microphone so far
  I hope you guys think is useful and see you guys next time
  snipers
  You
  You
     
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