Howdy newbie trader. I try to help you to identify Trendline resistance and support level. The pictures represent it. When the market above the support level you can order your BUY position. When the resistance level is touched you can cut your position because the market may form a pullback down. The resistance level is your take profit.  The market move between the resistance and support level. If the resistance level is breaking out it will probably continue to move up as well as can happen to support level. If the market breaks out the support level so, it will probably go down. As we see here about the BTC trend, it is breaking out the resistance level(BLUE TRENDLINE) so the resistance level is becoming a support level. Now, the resistance is the RED TRENDLINE and if the red one will be broken out so BTC will continue to rise up again to touch the YELLOW TRENDLINE at the next resistance level. This is one of my trading strategies in expecting a profit. However, I am using the keys indicators such as SMA, RSI, FIBO RETRACEMENT.  Happy trade everyone.   FOLLOW ME ON

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