Screenshot from IQoption.com Timeframe 1Minute Bitcoin
Graph Analysis
How you all can see there are many lines. R1-R4 lines are resistance lines and S1-S2 are support lines. What are this lines meaning?
Screenshot from IQoption.com Timeframe 1Minute Bitcoin
Graph Analysis
There are few lines and meaning of this lines are same like in the previous screenshot.
Short position
You could go into short positioning if the price goes through one of support lines. And keep in positioning till another support line then you could take profit or wait if the price doesn't go through another support line!
Long position
You could go into long positioning if the price goes through one of resistance lines. And keep in positioning till another resistance line then you could take profit or wait if the price doesn't go through another support line!
Summary
Everyone is now speaking about bitcoin because the price is up trending and everyone is in a long position. Better analysis trend before goes into investing because it could take your money.
You don't know how to start trading?
If you look down below there is Advertise for one of best brokers IQoption where you can make a trade with bitcoin and also with forex and everything so why don't you try?
I'm Warning you !!
I'm not responsible for your money loses !! I'm here just for make estimates ! The trade depends on you You can just inspire from me !! But if you lose money I will not give you money back and no one will! Stocks exchange is very hazardous have that in mind ! I'm not guarantees accuracy of any content and hence using information on this website is solely your responsibility. The article is only for an informational character(nature) and should not be take(taken) as investment advice for the purchase or sale of stocks(shares) or other instruments. The reader agrees that the purchase or sale of stocks(shares) and other instruments based on the content of this article is at his own risk and liability.
Disclaimer
That all decisions the trader takes itself, and all indicated is not advice and a guarantee of profit
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