flibbr

How to draw a proper trend line

BITSTAMP:BTCUSD   Bitcoin / Dollar
2232 18 16
When drawing a proper trend line ... you have to decide what you want to see.. plot it.. then just hunt candles and wicks to find one a trend line (either wicks or bodies)... going alone tops.. cutting some out.. going along bodies.. through the middle of price.. etc.. whatever it takes to make that trend line fit.

Once you have made your trend line fit what your want, you can then happily share your chart proclaiming this line to be the be-all-end-all support/resistance level that is critical.
WormHole
2 years ago
Brilliant! You rock flibbr!
Reply
iamaltcoin
2 years ago
please teach me senpai!
Reply
Tanner
2 years ago
Trend is holding strong, great work Tom, keep it up.
Reply
Ridiculous, clearly this is how they are to be drawn:

snapshot


But in all seriousness, that is why I think however one connect the dots (and there is a right way imo, connect only the last two data points), the thing that is easiest to agree upon is the slope of the line, rather than the steadfast belief that the line itself represents a large amount of significance.
+2 Reply
flibbr PRO SPYderCrusher
2 years ago
Yeah nice trend lines there, if you extend them out for a while i'm sure they will get hit and play some kind of significance
Reply
SPYderCrusher PRO flibbr
2 years ago
definitely. Also, based on the above, we can be sure the target rests comfortably between 1740 and 3200
+1 Reply
grahvity
2 years ago
lolled. thanks.
Reply
lowstrife MOD
2 years ago
lol @ the $5000 prediction ;)
+2 Reply
flibbr PRO lowstrife
2 years ago
Persistence throughout space and time.
Reply
primaindustria
2 years ago
lol
Reply
Is this log scale?
+2 Reply
flibbr PRO QuantitativeExhaustion
2 years ago
yes
Reply
whipowill
2 years ago
So I've been doing it right all this time, cool.
+1 Reply
DeadSerious
2 years ago
Thanks man. Absolutely beautiful.
Reply
IvanLabrie PRO
2 years ago
Ha! Brilliant...You should just draw ellipses to connect swings, or arcs. Trend lines are so 1990...
snapshot
Reply
aziz92
2 years ago
I like it. I'm starting to see you grasp the bs in these trendlines. And your recent update about oscillators. Looks like you are learning the bs behind indicators too. Just little bit more time required now before you come to a sane conclusion about tea leaves and planetary movements. You are improving. Good job flibbr.
Reply
Picolo aziz92
2 years ago
ROFLMFAO, TRENDLINES=BS, INDICATORS=BS, OSCILLATORS=BS
BukLao = ALPHA and OMEGA
*facepalm* , what a joke, ROFL
Reply
aziz92 Picolo
2 years ago
Andre, i think you forgot to change your acc back to flibbr.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out