Quote from: itod on February 04, 2015, 09:32:12 PM

Quote from: QuantumLeap on February 04, 2015, 09:03:08 PM

Quote from: itod on February 04, 2015, 08:53:57 PM

One of those non-senses is: "Buy support doesn't matter". Yeah, right.

Since you know so much, why don't you tell us what makes buy support important? Because it is important, but I doubt that you know why Wink

Oh, you are so arrogant. You must have already read the basics, haven't you?
http://www.investopedia.com/university/technical/techanalysis4.asp

lol you quote investopedia? Have you actually made money from that stuff? Of course not....... no one does.

Support and resistance isn't even measured by looking at the chart

Buy support does not "support" the price and stop it from falling. Buy support "supports" traders who bought weeks or days before who are looking to cash out their profits

You only see high buy support when accumulation has finished and people are now distributing

Where do you think these coins are being distributed to? BUY ORDERS

What happens when everyone starts to use buy orders to exit? The price CRASHES

See how the whole "do the opposite" thing works now? Wink

So yeah, buy support matters but if I am buying a coin, I would like for there to be no meaningful support because that means the only way for other people to get into the coin is to buy the sell orders (which pushes the price higher)

basic stuff really