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RE: BITCOIN hits resistance as expected. Has anything changed? A STATMAN look at the markets.
Charts, at a certain degree, are merely seflfulfilling prophecys. You tell people to buy because you see an uptrend and maybe people start buying and then more people are buying because of FOMO or the opposite happens. You cannot rely on them as we all have seen in the last months. There just has to be some bad news and you can forget all the curves and lines.
that is why sentiment to me is much more important..thus I called sell15,000 BTC..buy 6950, sell 9750 , buy 7150 (trade only ) and the resistance at 7700..before the market reacted...must NOT follow the crowd..and understand support and resistance...thanks for the visit and great to see you. But you are right...the vast majority are trend followers...and I learned long ago, these type "traders" buy late, and sell late..