RE: $STEEM/BTC Technical Analysis by g4l

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Viewing a response to: @ozchartart/usdsteem-btc-technical-analysis

· @g4l ·
Dude... Definitely some awesome charting skills.  This is the kind of stuff that I like! I'm definitely glad this is trending.

Although I can imagine this going over people's heads. I've heard people call TA "voodoo" on CNBC regarding stocks lol... then the stock respects the support and resistance levels.

Maybe one thing that sounds like an anomaly is that:
Bearish case: Once the price breaks through a resistance level, that resistance level turns into a support level.

Bearish case: If the price breaks a support level, that support level turns into a resistance level.

&nsbp;

I know a lot of people questioning why  BTC "isn't going up" or "isn't going down", but even if it's volatile as all hell, it still feels like it's respecting the laws of TA.

Excellent charting skills. I bet you make bank trading futures, forex, etc.!
Have an upvote for a quality post!
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