The Market Has a Memory. Here’s How to Trade It. (Support & Resistance)

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Support and resistance for beginners: price keeps bouncing at the same spots because the market has a memory.
A former NYSE ARCA market maker — one of the orders that SAT at these levels — shows you how to mark a real zone in thirty seconds, and the trap underneath it.
Episode 4 of 10 — binge the full free series: https://www.youtube.com/playlist?list=PLPEz1q0esi3gEd4DMbaGwFf3uqwAY6vTU

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What you’ll learn: what support and resistance actually are (zones, not lines — the exact wick-to-close convention), why levels exist at all (regret, wired into an order book), the three marking rules, the flip (broken floors become ceilings), round numbers and the legendary $6,000 Bitcoin floor of 2018, why MORE touches make a level WEAKER (most videos teach this backwards), the stop hunt — why your stop just below support is a big player’s discount — and the retest, the one tactic that puts it all together. Homework at the end: mark ONE zone, drop the ticker and timeframe in the comments, and I’ll grade the first fifty.

TA FOUNDATIONS — the 10-part beginner series
Candlesticks / Timeframes / Trend lines / Support and resistance / Volume / Moving averages / Ranges / Order flow / Order types / Risk management. New episode every Saturday.

ABOUT THIS CHANNEL
Eric Krown is a former NYSE ARCA options market maker with 15+ years of experience. This channel delivers daily Bitcoin and macro market analysis using a systematic five-layer framework: Trend, Volatility, Structure, Momentum, and Risk — the same methodology used on the trading floor. No hype. Data-driven analysis with proof of trade.

This content is for educational and entertainment purposes only. Not financial advice. Trade at your own risk. Do not trade on any exchange that prohibits trading from your geographical region.

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CHAPTERS
0:00 The trap under every obvious level
0:10 Why your levels keep “breaking”
2:35 The memory: what support and resistance are
3:43 Why levels exist: regret, wired into an order book
4:34 Zones, not lines: the wick-to-close convention
6:41 The three marking rules
8:41 Live on Bitcoin: marking zones from scratch
18:03 The flip: broken floors become ceilings
22:55 Round numbers + the $6,000 story
26:03 Every touch eats the floor
28:11 The stop hunt: your stop is their discount
31:17 The retest: the one tactic
32:32 Lock it in + your homework