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RE: BTC - Resistance line broken but...

in #bitcoin7 years ago

Hello a break out is powerfull move (up or down) which follows the break of a resistance line or a support line. Mots of the time you are testing several time a support line or a resistance line before be able to break it and when you finally succeed, it creates a powerful move to confirm the break.

On the chart, you can see it with one or several long candles.

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How about resistance and support line. What are those and how to identify them?

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