Join the new world

Okay, so we know that the erep market can be volatile at times. Prices can change by 100 cc then it'll recover like 50 cc. One of the reasons for volatility is because there might not be enough ask offers at certain times. And also investor fear causes jumps.

But, usually people with gold reserves will later see changes and react to them. For example today I saw gold reach at least 450cc. Then people started selling there gold because a 100 cc profit is awesome. So now the price is normalized at 400. These graphs can't possibly be up to date (the way I'm doing them now).

Hopefully the graph is relevant enough now. This is just an estimate of the resistance the market has to extreme changes. Usually more offers will be placed and also offers will be deleted. This graph is an estimate because there might be some double offers. Though they won't be of huge significance, found some errors.

This graph shows how people use nice numbers close to a divisibility of 10. These points are natural resistance points, just because of how the brain works. And we also have an important support point at 333.333. And also I believe 500 will become a support point if gold goes above 500. These are support points because of how the math works out for the bid page. Note that there is also a giant wall at 333.333. It was evident last weekend when gold dropped to 333.333 but rebounded after because of the huge support.

Right now there is huge resistance at 400.

Please comment and also voice your thoughts.