According to marketkolor.com, Support and Resistance levels are natural turning points used to determine corrections. Support and Resistance levels are of utmost importance. They are used to determine possible continuation and reversal points. These points assist in forming patterns which aid in forecasting the next move in the price action. BTCUSD speaks a short term significant Support/Resistence Zone between 8718.66 and 9131.88. On the immediate term, key levels indicate a significant break through between 8620 and 8946.9. While a key long term significant strength S/R Zone is reflected between 8718.66 and 9131.88.
