How does Bitcoin move? By my pen, Abu Karam
Whenever it breaks support, it moves to the lower support beneath it. If it manages to bounce back from the lower support, which is loaded with buy orders, the index rises to the upper resistance. If it manages to reach it, it is raised to the higher price resistance and beyond. If it fails to break through, the index returns down again to attack the lower support, but with greater force, as the support becomes weaker and the buy orders have diminished. Nevertheless, if the price rebounds from the support area, it heads to attack the higher price resistance again. The market moves along paths and readings that an experienced trader picks up from small and large time frames, along with precise scientific models that provide secret signals for entry and exit points.
All currencies follow Bitcoin in rebounds, but it does not necessarily affect their trajectory.
Bitcoin is now attacking the higher price resistances. Failing to break through any resistance means that the index returns to the nearest lower support (solid).
Ethereum is also moving within that plan, and it should be noted that if Bitcoin breaks a price resistance above, it does not mean that all currencies will break through the upper resistances. Therefore, we may find some currencies rising, some stopping, and some taking a downward path.
After the like, I want a nice comment on my words.
