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the price goes to a top--->ok, when to sell? where to buy-back in ?
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[QUOTE="Enivid, post: 188276, member: 1"] 1. Your theory can definitely explain a part of movement in BTC/USD, but believing that at any point in time there is just a single reason for some price movements would be rather dogmatic. There are always many factors at play - lots of traders participate in this market and each of them is driven by their own motivations. 2. Why not to look at the chart + volume? Peaking green volume - that's where there was a lot of buying - or more accurately, the bulls were willing to buy at an increasing price. It doesn't necessarily mean that those same price levels will induce the same buying behavior next time, but for some of the traders, they probably will. 3. There is no universal answer to this. This time, the previous ATH served as the strong resistance level, which pushed the price down. Next time, it could be some news (even something stupid like China banning Bitcoin for Nth time). Who knows? [/QUOTE]
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