Bitcoin Breakout on way
Bitcoin Breakout Hmm what is a break out? no no no no no its not a guy that just broke out of jail or a stunt man who just broke out of that straight jacket! Breakout is huge its so important, its like when sea biscuit (the horse) comes crashing out of the gate at the race track and fly's by all the other horses with a huge and unimaginable lead up to the finish line, sometimes a little past then something happens after that which isn't as amazing and has to do with a huge down stroke or very bear....market. The definition of a break out is- when a security or a currency in our case (cryptocurrency i.e bitcoin, ethereum) passes a certain level of resistance which is usually followed by heavy volume and volatility. trader's buy the asset once it breaks above the level of resistance or when it breaks bellow a level of support. what causes a breakout?- price resistance occurs when a excess level of supply for a particular security or investment accumulates at ...