Market Notes｜$BTC ｜Breaks above the 82,000 mark
First, a definition: Previous highs and lows are commonly used key price levels. Past experiences of being turned back or finding support at a particular level can often influence buying and selling when the price returns to it.
A common way to read this: When prices repeatedly cross a key level, both bulls and bears may get stopped out in turn. Keeping positions small until the direction becomes clearer may be the more prudent choice.
Understanding an indicator is about avoiding being misled by a single number, not using it to predict whether prices will rise or fall.
#BTC
First, a definition: Previous highs and lows are commonly used key price levels. Past experiences of being turned back or finding support at a particular level can often influence buying and selling when the price returns to it.
A common way to read this: When prices repeatedly cross a key level, both bulls and bears may get stopped out in turn. Keeping positions small until the direction becomes clearer may be the more prudent choice.
Understanding an indicator is about avoiding being misled by a single number, not using it to predict whether prices will rise or fall.
#BTC