TradingView
L__Chaim
Dec 24, 2017 8:09 PM
Magic lines
BITSTAMP:BTCEUR
60
Bitcoin / Euro
Bitstamp
Description
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Dec 24, 2017 8:09 PM
Those magic line are telling us how the price is developing and in which direction we should trade. It's important to wait for the bar to close.
Trend Analysis
Comments
MorganBateson
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Dec 26, 2017 4:13 PM
Spot on, now to see if it will go beyond 13330 EUR seems a bit of a resistance, maybe dip first, then bounce above ?
L__Chaim
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Dec 26, 2017 8:21 PM
@MorganBateson
,
Exactly! Its attempt to close above the supply zone around 13360 on 23rd of Dec. failed. (See
tradingview.com/chart/BTCEUR/SZa2WTyt-BTCEUR-looks-promising/)
We are there again for the second time and the supply is weaker now hence it's more likely to be able to close above this zone.
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