LOOK AT THAT VOLUME!
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I'm assuming that this huge volume is XLM HODLer fomo buying BTC and Operators unloading their holdings onto them, buying dirt cheap. Here is BTC resistance:
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First we have to think like the average trader and psychological numbers.
Average person's thinking, buying at:
100 = Oh it will be strong resistance.
110 = Let's see...
130 = Oooo I will buy
150 = Maybe resistance...
170 = Oooo I will buy
So BTC is at 7300 basically.
This is:
5000 = resistance
6000 = wait for retrace
7000 = fuck my life I don't have BTC
7300 = I BUY BTC NOW!!!!
Operators sell BTC to noobs and use all FOMO sold cheap ass alts to buy at a bargain. Alt season hello.
Average person's thinking, buying at:
100 = Oh it will be strong resistance.
110 = Let's see...
130 = Oooo I will buy
150 = Maybe resistance...
170 = Oooo I will buy
So BTC is at 7300 basically.
This is:
5000 = resistance
6000 = wait for retrace
7000 = fuck my life I don't have BTC
7300 = I BUY BTC NOW!!!!
Operators sell BTC to noobs and use all FOMO sold cheap ass alts to buy at a bargain. Alt season hello.
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"The main purpose of the stock market is to make fools of as many men as possible."
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Now BITMEX longs>shorts. Welcome to trading!
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