Try tarot cards they are more effective than technical analysis 🔮 

 No doubt. But it is a fascinating phenomenon that we ricochet off a round number. 

 I think the analyst known as yellow has best explanation 😂

nostr:nevent1qqs0lw7s97wpdw20ujgmswf2szl2c74x748anf9p08txxfljjtaxmvgprdmhxue69uhhyetvv9ujucnfw33k76twwpshy6ewvdhk6q3qnw5vdz8sj89y3h3tp7dunx8rhsm2qzfpf8ujq9m8mfvjsjth0uwqxpqqqqqqzy4vmru 

 @yellow is undefeated. 

 TA has paid my bills for 10 years now, I’d have trouble doing that with Tarot.  Trading is hard at first but rewarding for those who persist and honest with themselves 

 69,750.00USD
+1,257.10 (1.84%)today 

 Unicorns 🦄 are in Battle Royalties of Royal

It’s coming … sooooon 
Unless he chooses to continue in egomaniac act mode. 
Or I do.

No two humans hold that much power. Obviously 🙄, I’m a shitcoiner. 

May Be 

 Imagine you’re looking to sell Bitcoin. People like round numbers. Would you set a sell limit order at $69,800 or $70,000?

Technical analysis and support levels only work because a bunch of people believe in them and will trade based on them. There is an element of following human psychology which is involved, but it’s a bit of a pseudoscience. 

It takes time to get through certain levels because for a while there are equal sellers to buyers. 

 Thanks, Zach. That makes intuitive sense, and is much simpler than I might have expected. 

 No problem friend, glad I could help out 🫡 thanks for the sats! 

 Well you see, "technically..." 

 70k ways of being happy 😊 

 People is lazy so writing writing limit orders with 7 followed by 4 zeros is easier.

This is a over simplification though...

 

 so then are we also saying that US dollars are the only global currency that matters?  heh….  it’s just a psychological level, 70k, but also technically it would make a lot of sense for BTC to cool off for a while here after so much gain recently 

 pSyChOlOgIcAl lEvEls 

 Trading is mostly whales trying to beat each other to the best price, so they try to walk that balance until one of them makes a move and the rest move all in from fomo.  If nothing before the halving could easily be that trigger.