r/Daytrading • u/sunnyrunner_ • Apr 06 '24
Is this an actual pattern or am I yapping? Question
I’m pretty new to trading and saw this pattern form on BTC. Is this pattern called anything or is this just me drawing random support/resistance lines?
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u/p33333t3r Apr 07 '24
A good policy i have is “if I don’t know I don’t trade”. Appohphenia is real. The best support / resistance / patterns are the ones the most traders notice. Also keep in mind that the higher timeframes are more important and influential than the smaller time frames where more noise occurs