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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Comments

Ahhh trendlines, they are so useless :)
+8 Reply
jiyongprk Poukitoun
@Poukitoun, trend is your best friend
Reply
you see what you want to see. But not what there is on fact
+8 Reply
i had this trendline on my chart two years ago...lol
+4 Reply
BlockchainYahoo BlockchainYahoo
@BlockchainYahoo, let me see if i can find it...now its acting as resistance...who knew...i am done trading...i will leave it up to the experts...
Reply
kardia BlockchainYahoo
@BlockchainYahoo, trading does kind of suck. The markets are in ruins these days. It's a bad sign for the economy. The people who know how to read charts can see the lies mainstream media push about things being better than they are. A worldwide financial collapse is coming.
Reply
PCHamamas BlockchainYahoo
douche
Reply
I posted this type of trend line two days ago...
+4 Reply
FirstClassCrypto BlockchainYahoo
@BlockchainYahoo, so what?
+6 Reply
AvramM BlockchainYahoo
@BlockchainYahoo, I told a guy in the gym about it THREE days ago.
+10 Reply
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