How do you determine support on charts?

How do you determine support on charts?
I held my 2100 link up to $20, and held even though I knew a pull back was on the way. I’m still holding and I’ve seen people saying 15.50 was support, how do you determine that?

Attached: AF2F5EE3-DA13-4740-8DC0-7500D7253C59.png (616x683, 446.11K)

Other urls found in this thread:

youtube.com/channel/UC-dLWl8etTtPSGdbbcYffGw
twitter.com/NSFWRedditGif

Bump one time

Prior levels, but I see it going back down to 13

every time btc has ever been above 20wma chainlink has mooned
20wma is 9400 rn
link will continue to moon

Prior levels of what?
The resistance from before, how far back do you look to determine? What makes you think 13?

Support is at around $14.70

t. I eyeballed it

Draw some triangles on the chart, then ask your ouija board. Or you can use dice

Don't listen to Pajeet, he shits on the street.

Haven't looked at the chart as not a linky but support usually exists where there was prior resistance. I'd imagine 15 would be a good number, it takes time to break through as retards set sell orders to profit take around round numbers, humans are pretty predictable. There would have been massive orders at 15. Then more at 16 etc. Clever investors use this normie behavioral trait of worshipping round numbers to trade accordingly.
Not knowing what support and resistance is before trading a market tells me you are unlikely to make it lad.

TLDR Previous resistance to break a price point is usually support on a retrace.

I haven’t traded anything yet.
I got into link a few years back and have held. I’m not trading anything yet, maybe once I’ve learned I’ll try.

As of right now I’m just asking questions.
I appreciate the info about normal human behaviors, it made sense.

just hold until next summer at least and don't worry about the short term. you'll see why

Learn how to use the potty, subhuman.

>Technical analysis on crypto markets
lol

You made a trade when you bought. That was when you should have already have known your exit. How much did you plan to make? How much are you willing to lose?
Anything else is just hopium and gambling.

U greedy fucks are gonna get burned bad. Who the fuck in their mind would buy at 1000% gains in 6 months... and who the fuck wouldn’t sell that. This will go down back to 8 bucks as people pull out and move to unpumped projects like eos and xrp.

"Technical analysis of the financial markets" by john murphy if you like to read. youtube.com/channel/UC-dLWl8etTtPSGdbbcYffGw if you like to watch videos. Consider upskilling with a virtual trading platform.

3 years

It was 2 bucks at the beginning of the year, that’s a 10x

I bought 2100 between .19-1.80 and I’ve held.
My hope was $100 based on fundamentals and I was in it for the long haul from the start, but I’d like to take advantage of the rapid rises and falls to add to my stack.

Easy to get caught out trying to trade this. He may stop offloading and it moons, buying might dry up and it crashes. I am just buying and hodling. Will pick up some more if it drops to 3c again but otherwise I'm long hauling with a 50c target to sell half. It's a good project. Good team and working product, as soon as the whale is done this could go wild if we see it fly in a bull run.

Oops, wrong bread, thought this was PRQ. Please ignore my retardation.

I just buy and hold with the intention of staking and only selling staking returns.

xrp, eos... go back to plebbit.

I swung over half of my leveraged stack separate from my main holdings I'll never touch. 17-19. I made some insane profits. I've started laddered buys at like $15.80. So if you look at volume metrics, its pretty thin from about 9 and up. I'm not actually convinced this run is over though I kind of expected to hit closer to $40 before a full 50-70% retrace like the run up in June 2019

The price points I highlighted are high volume nodes where it was bought or sold the most in its area. The price tends to return to these high value nodes. Yellow and purple is the area of control where 70% of the volume has occurred in that time frame or as far back as the candles are visible. As the price dips that area should go higher though. If this is the major retrace re will probably see consolidation at 9$ish imo. However there were many 25-30% short term dips as LINK made its way from .42 to about $4.70 in around 2 months.

Attached: OBVLINK.png (1366x768, 153.58K)

bump

I agree with you $40 then retrace prediction. My conservative estimate for the top of this run was $28 and I'm fairly certain we're at least going there. Moonshot may happen before or after smartcon but I'm setting sell orders for my swing stack at both those price points. It's really fun watching people on this board freak out about a 25% dip though. Happy swinging :^)

Ya you really had me confused when someone described link as a working product with a good team. Not once has it ever been described like that lol

First you observe the growth of a wild Italian rabbit population. Then you take the mathematical sequence of that generation and derive a spiral. Then you apply that spiral to the LINK chart. Also apply it to past charts to figure out which generations were missed and will be revisited in the future before it is allowed to go up again.

your post pretty much works for link too other than prices

Exactly right, that's why I sold at $19.30 instead of waiting for the magic round number of 20 which never came.