https://buycryptoaus.com/what-is-ethereum/Ok it looks like an obvious thing to say.. SOMETHING will happen at $1000. But will it test $1000 a few times before breaking out?
Or will it shoot right through on the first time?
In the past Ethereum has used $1000 as a pivot point and keeps returning back like a magnet. Ive drawn one scenario where price tests $1000 a few times before breaking through as the sell walls suddenly disappear.
Why do sell walls disappear?
If you had a 500 eth sell order on the books at $1005 and price was approaching fast you could move you limit sell to $1050 and sell for a better price.
Thanks for listening.
Or will it shoot right through on the first time?
In the past Ethereum has used $1000 as a pivot point and keeps returning back like a magnet. Ive drawn one scenario where price tests $1000 a few times before breaking through as the sell walls suddenly disappear.
Why do sell walls disappear?
If you had a 500 eth sell order on the books at $1005 and price was approaching fast you could move you limit sell to $1050 and sell for a better price.
Thanks for listening.