https://steemit.com/gambling/@edicted/betting-on-resistance-being-broken-by-default
A lot of Bitcoin is changing hands right now at a time that you might think there shouldn't be. Volume on Coinbase is very high. What's happening here?
Well, I think a lot of traders are playing it safe and selling out at the resistance line. However, a lot of people like me seem to be betting that resistance will be broken and are buying into the sell pressure. This has created a lot of volatility over the last hour.
What happens when all those people playing it safe realize resistance is broken? All those stop-losses kick in and they all have to buy back into the market. I'll probably know if I was right before the day is over.