Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
illyiller
on 26/10/2019, 23:38:29 UTC
⭐ Merited by JayJuanGee (1)
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).

No it's not. Hitting resistance on the way to another resistance isn't bearish. It's expected. Any asset emerging from a downtrend is going to hit resistance on the way up.

Did you really expect to go straight to the $13,000s without stopping?