Welcome back, in the last article you were introduced to what a cryptocurrency was and how to start buying it. That was a very simple overview into what cryptocurrency was and the easiest way to start buying. I mentioned that you can start buying cryptocurrency on both Coinbase and Bitpanda, but those were not actual exchanges, they are just wallets. Consider that the introduction to what I am going to call The Beginner Series. The goal of the series is to be able to take the average person and be able to teach them everything they need to know about cryptocurrency. Now, for this section, I will introduce you to an actual cryptocurrency exchange.

Are YOU one of those people that keeps hearing about cryptocurrency and have absolutely no idea what it is, how it works, why it exists, or how you can start entering the crypto space TODAY? Well, you find yourself in the right place. After you read this, there should be NO if, ands, or buts about what cryptocurrency is anymore and you should be on your way to investing pronto. Don’t worry though, everything I say will be broken down in simple terms, trust me. I’m not going to sit here and ramble on about the history of how everything came to be nor talk about how an ERC-20 token came to be (Yes, I know you have absolutely no idea what that is). So sit back and relax, let’s get down to educating!

So what happened these days was price bouncing off the Resistance line, starting a downtrend move with lower-lows and lower-highs, breaking the Support/Resistance line @ 8000, breaking another resistance line @ 6700, and dropping to reach my Ultimate support zone @ 6100. What happened there, is a so-called »fake break-out«, or a »stophunt«. You may, with the intention of creating a heavily bearish illusion, induce more sellers, minimize the number of buyers, and cause a general paranoia before swiftly changing direction. What if I told you that’s exactly what I predicted would happen?