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RE: What does Support and Resistance really tell you?
Luc, in the attached picture, do you have the same 'bases' as I have marked?
I know in your last video, you mentioned that what matters is the most recent base. If I have those two bases in the attached pic, would it make sense to still consider that first base I have marked(farthest to the left)?
I dotn trade on bitfinex but yeah those are the bases, however you there is a new one you didnt mark.. that last low bounced back to your previous base, so it now is the newest base..
Updates on that series for anyone who was following along. A few nice panics followed by retests:
https://www.coinigy.com/s/i/59606d393dffc/
thanks for sharing, pelt.