Bitcoin Buying Into Resistance? For BITSTAMP:BTCUSD By MarcPMarkets – Todayuknews

The overall structure has established a higher low off of the 57K area is a notable resistance, NOT a support.

No matter what your favorite “guru” tells you, there is NO WAY to accurately assess how this will play out.

The chance of getting stopped out off of such a level is pretty high while justifying 4K points of risk can be tough to sit through, especially if it continues to play around and produce false signals.

Most retail traders are very driven by greed and seem to think that there is a way to sell the TOP of the market.

If you want higher quality trades that offer better reward/risk, you have to spend more time WAITING.

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