BTCUSD Support & Resistance

21 apr 2021

Okay here's my first chart, my idea is based on S&R line breakthrough, the price calculation is based on 4H to provide more solid coverage (ie reduce noises).

The green area is buy area, red is sell area.
The main problem with S&R line trading is there're still 2 possibilities:

• The price break through the Support or Resistance and continue go higher/lower.
  
• The price bounced back and retrace, even after testing for several bars.
  

So here I am, posting to see how to improve this strategy...