Technical trader has no problem determining about the resistance and support area.
I will not comment on forex, but in the crypto world this is more evident than many technical analyzes, many predictions do not materialize, these analyzes constantly fail
But how did they able to know that this is the resistance point and this is the support. I am a trader but I am not a technical trader. What specific signal or volume or etc to know it is that and that?
You can learn all this with so much material that is on the internet, but it will be useless when you use it in practice for bitcoin and altcoins... I wish you luck trying
I am also not a technical trader, or at least not in-depth, but I always try to lower my exposure by opening and closing small positions. In case I am completely wrong with my calculations and overview of the market, or we suddenly get to experience an event shaking up everything, I at least have enough funds to ride the changed market. The main point of importance is that you can't (and shouldn't) always rely on charts and the lines pointing out what resistance and support levels are. This market is too unpredictable in every shape or form, so don't ever take things for granted. Last year and the start of this year we have seen how much value TA has had -- support levels weren't support levels, and resistance levels weren't resistance levels....
I agree, this is because this market is driven by good news and bad news, who has the privilege of knowing about good news is always the winner, and who has the bad luck not to know early about some bad news is always the loser