Lesson # 2 (Breakout, Breakdown, New Support, New Resistance)

salahuddin2004 (46)in #bitcoin • 7 years ago (edited)

Hello Steemians

Today is Saturday and you people know, we have lesson class every Saturday.

If you missed lession # 1, you can check here
https://steemit.com/bitcoin/@salahuddin2004/lesson-1

Today I would like to talk about (Breakout, Breakdown, New Support and New Resistance)

Breakout : Breakout is a price movement when price break resistance level due to an increased amount of volatility and heavy volume.

Breakdown:Breakdown is a price movement when price drop sharply due to volume from support level.

New Support:When breakout occurs then old Resistance becomes a new support.

New Resistance:When breakdown occurs then old Support become a new resistance.

After breakout price start going up

After breakdown price starts falling.

New Resistance after breakdown

Old Support level become new Resistance

New Support After Breakout

Old Resistance become new Support.

Lession # 3 will be on 24.02.2018

You would love to know that everyone can use this technique.

If you have any question kindly mention it in comment.

If you find it hard in practising it let me know in comment, I will go through it.

Resteem this post to help new investors.

Thanks

#altcoins #blockchain #cryptocurrencies #kr

7 years ago in #bitcoin by salahuddin2004 (46)

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krguidedog (64) 7 years ago

Woff, woff!

Hello @salahuddin2004, Nice to meet you!

I'm a guide dog living in KR community. I can see that you want to contribute to KR community and communicate with other Korean Steemians. I really appreciate it and I'd be more than happy to help.

KR tag is used mainly by Koreans, but we give warm welcome to anyone who wish to use it. I'm here to give you some advice so that your post can be viewed by many more Koreans. I'm a guide dog after all and that's what I do!

Tips:

If you're not comfortable to write in Korean, I highly recommend you write your post in English rather than using Google Translate.
Unfortunately, Google Translate is terrible at translating English into Korean. You may think you wrote in perfect Korean, but what KR Steemians read is gibberish. Sorry, even Koreans can't understand your post written in Google-Translated Korean.
So, here's what might happen afterward. Your Google-Translated post might be mistaken as a spam so that whales could downvote your post. Yikes! I hope that wouldn't happen to you.
If your post is not relevant to Korea, not even vaguely, but you still use KR tag, Whales could think it as a spam and downvote your post. Double yikes!
If your post is somebody else's work(that is, plagiarism), then you'll definitely get downvotes.
If you keep abusing tags, you may be considered as a spammer. It may result to put you into the blacklist. Oops!

I sincerely hope that you enjoy Steemit without getting downvotes. Because Steemit is a wonderful place. See? Korean Steemians are kind enough to raise a guide dog(that's me) to help you!

Woff, woff! 🐶

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buttercups (33) 7 years ago

Looks great!
I will practise on Verge do I take the daily chart?

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salahuddin2004 (46) 7 years ago

dear @buttercups 4hrs & daily chart perfect.