/biz/ - Business & Finance

>>53383797
The calm before the gigadump.

>BTC keeps getting rejected at just over 23k
Hmmm. I wonder why.

>>53379990
>23k rejected over and over and over again
How utterly surprising. What a mystery.

>>53380011
NEWFAG DETECTED! The more times a resistance is hit and it gets rejected at that resistance, the more bearish it is because it confirms it's resistance to the players in the market. The same is the case with supports; the more a bottom is hit and it bounces from the support, the more bullish that is because it confirms it as a support to the players in the markets. Of course there are sometimes exceptions, such as when BTC hugged the 6k support (believed by many to be the bottom) in 2018.

>>53374916
Hmmmm.

>>53374164
Do it. You're in the same position as the anons who bought at 5900 in late June of 2018 and then considered selling at 8400 in late July. It was clearly the absolute bottom and everyone who didn't buy had "missed the bottom" etc and the golden bullrun had started, shills were crying that 3k was delusional bobo cope and a meme etc. Then it bottomed out to 3124.

>>53373608
What a shock.

>>53372557
>resistance becomes support!
Nope. BTC keeps getting smacked down by the double mega resistances just above 23k.

>>53372388
It's not "his lines". The resistances are where they are. Nobody can pick and choose them.

BTC is near two super hyper ultra mega resistances.