MMBTtrader

Support zone instead of simple support (Bitcoin fake breakouts)

Formazione
MMBTtrader Aggiornato   
BITSTAMP:BTCUSD   Bitcoin
Sometimes just a simple line is not working and this is the time that zone gets its meaning.

so instead of using so many lines, we can use <<Rectangle feature of trading view>> and create some support and resistance zones instead of simple support and resistance.

here take look at the Bitcoin example in previous weeks:
But let's take look at the 30K support zone instead of the 30K support:

and let's take look at Forex and the same scenario:
here take look at the USDCAD example in the previous month:
But let's take look at the 1.2060 support zone instead of the 1.2060 support:

<<👍hope you enjoy👍 >>
Commento:
Notice: As we talked about it in the previous analysis too, fake breakouts are strong reversal patterns like now that bitcoin is still pumping.

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