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3 Concepts Every Cryptocurrency Trader Needs To Know

Identifying Support & Resistance with the Fibonacci Sequence.

Reza Jafery
Jul 12, 2019 · 5 min read

Whenever cryptocurrency experiences a bear market the internet gets eerily quiet.

You don’t play football thinking you’ll never get tackled. Don’t trade crypto thinking you’ll never take a loss.

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Time to hit the books!

Support & Resistance

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Can Support Become Resistance?

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When support becomes resistance.

Fibonacci Retracements

Finding Support Levels

Using the Fibonacci tool (can be found on TradingView) to plot the swing high to the previous swing low will help you identify support levels.

Finding Resistance Levels

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Fibonacci Levels

Related Reads

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Reza Jafery

Written by

Bespoke Design Labs / Blockchain Lead @ Akoin / Obsessed with decentralized economies and blockchain as a whole: reza@bdl.media

The Capital

The Capital is a financially incentivized social micro-publishing business platform

Reza Jafery

Written by

Bespoke Design Labs / Blockchain Lead @ Akoin / Obsessed with decentralized economies and blockchain as a whole: reza@bdl.media

The Capital

The Capital is a financially incentivized social micro-publishing business platform

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