BitcoinLong
Bitcoin: Resistance Line + Downtrend Line = ?
Our obsession with patterns continues...
I realize you should draw a downtrend line over the candles and an upward one, under, but hey.
It seems beyond obvious that some folk(s) were propping up the 6k line for a few months and then walked away. Does the chart indicate that in last bear market, due to there being a more gradual decline, there were less whales?
Why the lines?
It seems that now BTC price has caught up with it's original destination price via a 90 degree route instead of a regular 45ish degree one, but still has a little more distance to travel? What are your thoughts?
Maybe it's something and maybe it's nothing, either way it's very interesting to ponder. For me, anyway.
I realize you should draw a downtrend line over the candles and an upward one, under, but hey.
It seems beyond obvious that some folk(s) were propping up the 6k line for a few months and then walked away. Does the chart indicate that in last bear market, due to there being a more gradual decline, there were less whales?
Why the lines?
It seems that now BTC price has caught up with it's original destination price via a 90 degree route instead of a regular 45ish degree one, but still has a little more distance to travel? What are your thoughts?
Maybe it's something and maybe it's nothing, either way it's very interesting to ponder. For me, anyway.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.