Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jbreher
on 26/10/2019, 22:17:17 UTC
The recent exceptional spike has pointed out resistance at 10.5k, and, coming below the strong resistance at 13.5k, it is a bearish indicator (in conventional analysis).

I don't know nuttin' 'bout no conventional analysis, so I'll just ask. Does conventional analysis really consider a positive overshoot spike the same as being rebuffed at a resistance level?