The steam train is moving because smoke is coming from the chimney, or is smoke coming from the chimney because the steam train is moving?

Similarly about charts and the movements of coins. For fans of technical analysis and levels of support and resistance.

Everything is very complicated, gentlemen - news, financial indicators, economic conditions, politics... Gather it all together and analyze, but no, I’d rather draw a chart and scream that everything is bad and it will always be like this.

The market consists of such stages (and this is a foundation, whether you like it or not):

- accumulation,

- growth,

- distribution

- and... decline.

Within these stages, there are local rises or falls.