Why are target prices and especially resistance level terms that people use so much? What is the point of saying target price unless you are going to buy or sell btc at that price? Or is that what people mean by the target price?
When you have people talk about overcoming the resistance level of 22k and things like that. Then talk about how there will be a barrier at 24k. Are people just randomly spewing stupid numbers out there? First off, are people just randomly pulling numbers out whether it's 22k or 33k? And why those numbers? It gets even more foolish when there is talk about resistance level at 32700 when say btc price is 31200. Is there a big difference between saying the resistance level at 32700 or 32900? Why not just say 33k? Then again why not say 35k? So if it passes the resistance level of 33k, then there is no talk about it anymore? Well it eventually will go back down to 25k and then there will be talk and gossip about will it hit the target or resistance level of 27k. Does anyone here find this just stupid or pure garbage? I mean btc has hit 27k and 33k many times and went back down and went back up. To me, unless you are talking about the all time high or close to it, what's the point of all this nonsense? Now the same can be said about altcoins but this talk always seem to be about btc and eth and the top coins.
Reading through your post, I'm given the impression that you are most likely not a trader and probably don't really see sense in all this analytics probably you will do better as an investor who will just HODL and probably sell off after a period of time when you seem to have gotten satisfactory yield of profit from your trades. But then just so you know a good and proper knowledge of what is going on on the chart could be an edge for you over other investors as this knowledge will help you Maximize your profit while minimizing your losses aswell, they are not just noise and foolish as you did put it, the only problem I see is the complexity which can further be simplified and help you understand better without have to stress through the complexity. Firstly the breakdown to simplicity will be based on your preference, Resistance and support levels for a long term investor, mid term and short term investors differs and are not the same, a comprehensive combination of these levels for Long and short term Brings about the complexity but then it's a Big advantage for traders having to know the variation across all terms.
Pick your niche and study the levels that applies to them and know how well to implement it, I think that way it will make more sense to you and help you trade or invest better in Bitcoin or other coins, this is because these levels are a reflection of market direction and the behavior of other investors and traders in the market as you.
