Post
Topic
Board Speculation
Re: Does the price always trend towards all 5's
by
LogitechMouse
on 06/05/2021, 10:46:06 UTC
It seems like we are moving up and down but often trying to get back to $55,555.55
What I only know is that the Psychological supports and Resistance that we are often seeing are those which are in a divisible of 5,000 such as $40,000, $45,000 and so on and so forth.
$55,555.55?? Sounds a good support or resistance for me but I don't think that there is a time where that price is either the support or resistance.

Well, if this will happen that this number will be a support or a resistance then I will visit this thread again and will tell that maybe we are in a trend of "all 5's". Will that happen?? Maybe but the chances are quite low Cheesy. Now in terms of support and resistance, I see $60,000 as a strong resistance still and around $50,000 as a good support for short to mid term. Seems that we are in a sideways direction for now.