how can i work out the current resistance support levels for bitcoin ? any advice would be appreciated
It has been very hard to gauge bitcoin support and resistance for the past months. It is anybody's guess in volatile times. When the original post was made it was between $900 and $1200. We are now in June, just a bit over two months and it is anywhere between $2500 and $3000. Support and resistance can come in various forms and it is much more difficult to master than it first appears.
In a live market support and resistance will change according to the market strength,earlier it was trading around a range of $900 and $1200 and so we know that we have a good support at those nine hundred levels and a good resistance at thousand two hundred,we now have a range bound of $2400 and $3000 and we now know that we have a major resistance at three thousand,one thing to be noted is that the volatility level also increased.