So, what we have here is my support zone being broken by the price. This is a little bit easier for me to see less noise, find my trade opportunity.

Now, once I have my support and resistance set up, IвЂ™m just going to the one-hour timeframe. ThatвЂ™s where IвЂ™m trying to make my money. And thatвЂ™s why I use that level, this support area right here for my take profit. And the second zone I set up is because of this price right here, as well as obviously this price here and here as well.ДЄnd then my third level I set up the price because of this right here. So, the first zone I set up is right here. IвЂ™m trading the one-hour timeframe, but IвЂ™m setting my zones up on the four-hour timeframe. You can see I have three zones on the chart right now. You can see the first thing IвЂ™m doing is setting up my support and resistance zones. This is a US dollar Japanese Yen sell trade. So, this is the first example IвЂ™m going to show you today. So those are the types of trades I am looking for. And for sell trades, IвЂ™m going to want to break through the support, turn that into resistance, test that area, and then place my sell trade and for buy trades IвЂ™m looking for the market to come out the top, retest the support level and then place my buy trade. So, this is what a range looks like right here. So today IвЂ™m focused on a very specific support and resistance strategy, which is generally breaking out from ranging market conditions. Or if the price breaks through the support like youвЂ™re seeing right here, this support level now turns to resistance and can be used for selling trade opportunities if itвЂ™s retested as an area of value. We can wait for the price of Bitcoin to come down to this level, retest it a couple of times, and then place a buy trade. ThereвЂ™s a couple of ways that we can use this level. So, this is a key level right here that we can use to determine higher probability trading opportunities. So, while itвЂ™s not impossible for the price to break through this $30,000 mark, it is a key level of support because. You can see here, the buyers pushed up the price of Bitcoin multiple times at this level frequently turning into a large uptrend. Has come and tested this level on multiple occasions as both support and resistance, making this a very strong level.

The reason this is support is because the price, which is the candles that youвЂ™re seeing here. So, you can see this purple area right here. The reason I believe this is because of support and resistance, which is what this video is all about.

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