/biz/ - Business & Finance

Here is how the resistance works for both buys and sell walls. You saw how bitcoin back at 20k and went down to 10k then back at 15k then back at 10k multiple times? Bascally that was Bitcoin trying to go down buy with heavy buy resistance, including the market buyers kicking in. But the fact that it dipped there multiple times was a warning that it will soon come under $10k.

Now that bitcoin did the same thing at 8k (It went from 6k to 8k) people kept saying triple top, double top and to sell which doesn't make sense you dumb fucks. Its all resistance is what is making it rebound and come back to those levels.
What happened in pic related was each time Bitcoin touched 9k, it took a chunk out of the $9k sell wall and then the market sells kicked in hard on the first rebound, then on the second touch on $9k Bitcoin sell wall took another chunk and less market sells took place, the third attempt went through easily since the $9k resistance was no longer a big resistance any longer due to weakening and the market sellers have almost evaporated at that point.

You will see the same thing happen simlarly at $15k guys. You'll see the sell sell sell threads, and you should sell and buy fast on the dip as it will test $15k again to take out a chunk of that $15k sell wall.
This strategy will allow you to easily and safely accumilate more Bitcoin and has worked wonderfully everytime. Though it gets risker every rebound you do.