Quote from: rodskee on July 18, 2021, 11:28:58 AM

Quote from: kumar009854 on July 07, 2021, 10:41:06 AM

This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.

If we will always believe and Buy the idea of breaking the Said resistance then you will always be a loser .

Who sets these resistance ? as if this is a complex idea , but we all knew that it is only speculative and sets by those who we called "eXPertS"

Resistance is literally the amount of money that is being sold at a certain level, there are people who put exchange orders as "if it reaches this price I will sell" and that is the reason why bitcoin has resistance, and that is not speculative at all, it is literally a data that you can see if you look at any exchange. Same goes for buying and support, "if it drops to this level I will buy" is a thing in the crypto world as well.

Speculation does happen in crypto and that is a reality and we have to handle it by not getting speculated by people, it is just such a great thing to actually make it more easy for you by ignoring crypto worlds speculator "experts". However even all of this, sometimes even I do get hyped about bitcoin and end up buying at high levels, doesn't matter to me because I am a long term buyer but it is definitely something that I still fail to pick up sometimes.