Bitcoin Forum
June 22, 2018, 01:55:35 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: RALLY!!!  (Read 2153 times)
Mushoz
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


Bitbuy


View Profile WWW
February 19, 2012, 08:06:51 PM
 #21

triple bottom off the real resistance level

Surely you mean support?

No, I mean resistance

They're interchangeable. 

lol.

Ah, ok. I always noticed support was used for bids and buying, while resistance was used for asks and selling. Didn't know they were interchangeable, I'm kinda new to this technical analysis. Interesting stuff, though!

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
1529675735
Hero Member
*
Offline Offline

Posts: 1529675735

View Profile Personal Message (Offline)

Ignore
1529675735
Reply with quote  #2

1529675735
Report to moderator
The World's Betting Exchange

Bet with play money. Win real Bitcoin. 5BTC Prize Fund for World Cup 2018.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1529675735
Hero Member
*
Offline Offline

Posts: 1529675735

View Profile Personal Message (Offline)

Ignore
1529675735
Reply with quote  #2

1529675735
Report to moderator
1529675735
Hero Member
*
Offline Offline

Posts: 1529675735

View Profile Personal Message (Offline)

Ignore
1529675735
Reply with quote  #2

1529675735
Report to moderator
waveaddict
Hero Member
*****
Offline Offline

Activity: 533
Merit: 500



View Profile
February 19, 2012, 08:07:51 PM
 #22

they are not interchangeable...you were right

triple bottom off the real resistance level

Surely you mean support?

No, I mean resistance

They're interchangeable. 

lol.

Ah, ok. I always noticed support was used for bids and buying, while resistance was used for asks and selling. Didn't know they were interchangeable, I'm kinda new to this technical analysis. Interesting stuff, though!

M4v3R
Hero Member
*****
Offline Offline

Activity: 607
Merit: 500



View Profile
February 19, 2012, 08:35:35 PM
 #23

So much for the rally, I guess Wink
Mushoz
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


Bitbuy


View Profile WWW
February 19, 2012, 08:40:06 PM
 #24

So much for the rally, I guess Wink

Bulls are reloading. It's going to be legen.... wait for it.....DARY! :p

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
dropt
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
February 19, 2012, 08:41:22 PM
 #25

triple bottom off the real resistance level

Surely you mean support?

No, I mean resistance

They're interchangeable. 

lol.

Ah, ok. I always noticed support was used for bids and buying, while resistance was used for asks and selling. Didn't know they were interchangeable, I'm kinda new to this technical analysis. Interesting stuff, though!

It's more your position and where you want it to go.

- If you want the price to go up: the ask wall is your resistance because until all of those ask orders are filled the price cannot rise.  The buy wall is your support because as long as the bid wall exists the price will not drop below that.

- If you want the price to go down:  The bid wall is your resistance as it's preventing the price from dropping, the ask wall is your support since the price will not go up until that wall dissolves.

Note:  I personally think the bid/ask walls can be used as a minor indicator, but one shouldn't place too much weight or trust on them.  Sometimes bid/ask walls are placed and the person who's placed them does not actually want to trade at the price the walls are at, but merely trying to scare the herd into panic selling or buying.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!