pixel_2013Member
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#1Jan 22, 2017, 06:58 AM
Lately, we've seen that the volatility in the crypto market has taken on a more "structural" nature, and levels act kind of differently. In Forex, levels typically show how big players react, but in crypto, the liquidity around those levels plays a bigger role.
Here's the thing: big players in the crypto space don’t usually reveal their plans ahead of time. So, the usual support and resistance strategies don't work as well if you take them at face value. However, if you hone in on smaller zones and pay attention to micro-reactions, they can still be super effective.
To sum it up, in crypto, you shouldn’t just see levels as a "line". Instead, think of them as zones where traders are probing liquidity. This means shifting your mindset less guessing, more waiting for confirmation.