[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

View post   
File: 64 KB, 1428x753, The Long-term Support turned Resistance.png [View same] [iqdb] [saucenao] [google]
56857429 No.56857429 [Reply] [Original]

That is; the support beginning in 2013 which was traded by the market movers as the main support until Sept 2022 where it failed, and since has been traded by the market movers as a massive resistance – when a support turns into a resistance, the longer time it was a support the stronger a resistance it becomes; hence why BTC failed to get back up above the support after it had turned into resistance.

In a few k, BTC will hit this resistance again – the previous time was in April. So, will BTC break through the resistance so it gets turned back into support? Or will BTC, like earlier, get knocked down once the resistance is encountered? This is THE most important thing to keep an eye on now. Nothing else on the chart matters as much as this now. All else is irrelevant noise.

>> No.56857449

>>56857429
is that like the g spot? or the cervix?

>> No.56857481

>>56857449
More like prostate in the butthole.

>> No.56857541
File: 67 KB, 900x900, 1676498997785477.png [View same] [iqdb] [saucenao] [google]
56857541

>>56857429
>10 years old

>> No.56857548

>>56857449
hymen. once you break through, she loves you forever.

>> No.56857615

So what's resistance, 42k?

>> No.56857652

>>56857615
Thread was posted at 41250 or so, so do the math. Add "~3k" as OP wrote, what do you get then?

>> No.56857688

>>56857652
I didn’t fucking study or know equations you dumbass just give me the answer

>> No.56857761
File: 17 KB, 600x600, 1701164434097586.jpg [View same] [iqdb] [saucenao] [google]
56857761

>>56857688

>> No.56857826

so how do i make money on this

>> No.56857885

>>56857688
~44k
+-500
Thats where I'd sell/short

>> No.56857901

>>56857826
Hard rejection at the resistance (lots of red candles appear or one big one or a few) = SELL/SHORT
Bitcoin goes above the resistance properly (not crabbing around at/on the resistance, but goes above it by several k) = BUY/LONG

I realize I must be talking to a very small child since you asked such a question, so you probably won't understand the above explanation. But there you have it.

>> No.56857982

>>56857449
The cervix. You have to push through it to make her cum for real. Same with bitcoin