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RE: BITCOIN – Weekly Wrap-up and Long-Term Overview: March 18, 2018

in #bitcoin6 years ago

Thanks for the question! Resistance and support levels are not targets per se, they are simply levels of short-term support and resistance - meaning that if the market reaches these levels there is a chance they may find support from falling too much further or resistance in rising too much above. Support and resistance levels are dynamic, meaning that they are broken in due course, especially so on intraday charts.

I hope that helped. I'll be doing another update this evening to note any and all changes. Thanks again!

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yep my wording of 'target' was wrong, i am aware of the difference. thanks for the reply!

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