"Reminiscences of a Stock Operator" Excerpts:

Observing market conditions, that is, the recorded price trends, has only one purpose: to determine the direction, which is the price trend.

We know that prices are either rising or falling, fluctuating along the direction of the resistance they encounter. For the sake of explanation, we can say that prices, like other things, move along the direction of least resistance.

They will move in the direction that requires the least effort, so if the resistance to rising is smaller than that to falling, then they will move upwards, and vice versa. #BTC重回关键位置后走势