jacobcanfield

This Hidden Trend Line Is The Key To Bitcoin! Must See!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As I was doing my last analysis around Fibonacci, I discovered this trend line on the logarithmic chart that played a dominant role in the support of Bitcoin during it's last bull run.

See my fibonacci analysis here showing a strong resistance at the trend line I highlighted here.


The trend line has now flipped to resistance and we are currently facing it now.

To get back into a bull run, we need to reclaim this support!

This was a short one, but I wanted to highlight it for you guys after I found it!

Let me know what you guys think!
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That trendline starts in 2011. Urs is too high. 3100 was support.
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Bitcoin up to 6k and then down to 4 ?

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Bitcoin Adam and Eve heading straight to targets, correction time is nearer than before.

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I think the current is similar to the bottom of 2015. What do you think? Please give me a advice.


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Just now, it touched this line. Do we need to wait another week to make a decision ?
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Soon That line is support again!

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I thought 5400 was the last line of defense. If BTC can sustain its hold above 5400, then 6700 is the next target.
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We are gonna smash through it and go for 7.5k then bounce back to it :)
+1 Reply
Jacob, when BTC meets this trendline in the future (circa Mar 2021) It will be BTC's top of the next bullrun
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