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Author Topic: Have look at the Bitcoin Latest update  (Read 230 times)
el kaka22
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April 14, 2020, 05:44:05 PM
 #21

Honestly I feel like there is a thing that we haven't really named in the bitcoin world, maybe there is a name for it but I just don't know what it is. Lets say "bear", you know what bear is, you know that is when market is in panic mode and everyone sells and price goes down right? We all know that one. Take a look at "bull", not gonna explain it, you know it. From dead cat bounce to correction to many other names, we all know them.

However there is this thing when bitcoin goes up, fails to go any further because it hits a resistance, so drops down a bit, waits there for a few days or so, then test it again to break the resistance, sometimes breaks it, sometimes fails and redo that whole cycle again, does this all the way until it breaks the resistance. What does that called? We are in that right now.

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