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Title: Nubcake question Post by: Greendragon on June 30, 2015, 09:43:19 PM How do you all know what the resistance price's are.
Some say that we can shoot up above 300 dollars, 266 dollars is important.. How do you know ? Title: Re: Nubcake question Post by: Alley on June 30, 2015, 09:57:53 PM You have to look at the top exchanges order books. You will see what price points sellers are putting there coins. There might be 10,000 coins for sale at $270 so that would be a wall that would take some time to break through.
Title: Re: Nubcake question Post by: RyNinDaCleM on June 30, 2015, 10:17:43 PM You have to look at the top exchanges order books. You will see what price points sellers are putting there coins. There might be 10,000 coins for sale at $270 so that would be a wall that would take some time to break through. Orders can be moved instantly. Don't put all your trust in the orderbook. I would say to use charts. You can see areas where the price spent a lot of time, signifying a decent amount of support/resistance. Highs, Lows and trends. https://i.imgur.com/WxM9BY0.png Title: Re: Nubcake question Post by: Amph on July 01, 2015, 08:33:34 AM well the resistance point is easy to spot, if the price remain stable or around a certain range for so long, if you really think that a 6 months stable price(i didn't check the exact amount of time for the 220-250 range) cna be destroy suddently without any reason, then you are fooling yourself
it is evident that a price that hold for such a long time determinate a resistance point Title: Re: Nubcake question Post by: RodeoX on July 01, 2015, 01:19:46 PM How do you all know what the resistance price's are. The answer to your question is that no one here has a god-damn clue what is going to happen next. Speculation is guessing. Don't become deluded into thinking someone somewhere knows the answers. Some say that we can shoot up above 300 dollars, 266 dollars is important.. How do you know ? |
