3 ms·
There are very real 'sell walls' on most of the markets, hovering around rounded increments. Once those "barriers" get broken through, there is usually a spike
by elif 11y ago
There are very real 'sell walls' on most of the markets, hovering around rounded increments. Once those "barriers" get broken through, there is usually a spike in price afterward. I could totally see a spike on one market driving buys in another market, so it is a reasonable point to consider the effect cascading.
- btilly 11y agoCitation, please. With evidence that it actually works with real markets. This sounds a lot like the kinds of claims that are routinely made in technical analysis for stocks. To the best of my knowledge, new claims can always be generated because humans are very good at imagining patterns in random data, but attempts afterwards to verify those theories uniformly fail. However stock brokers have found that it is very good for business to have customers who believe in technical analysis, because it is always easy to convince those customers to trade. Therefore lots of people get exposed to all sorts of technical analysis theories about "psychological support levels" and so on. But it doesn't actually work in reality.