bitcoin did what i said: following the trendline perfectly

in #trading5 years ago (edited)

Read this first       


in that post i drew a triangle and told everybody that price most likely will bounce between the lines. it turned out to be true because the last night it bounced and a sudden decline happened


since it's a longer term analysis, so the move is bigger


now here's the question:     where's the primary bottom???



Look at this 2 hour chart:

i found the best trendline on the chart for this moment because, as you can see,  price hit that nearly 4 times!

that is very valid so now we can expect the 5th time as well


for now the price will be in a range for a while & i may update you on the range as well after it has a good predictable shape


Stay tuned


Don't forget to upvote

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