flibbr

How to draw a proper trend line

BITSTAMP:BTCUSD   Bitcoin / Dollar
2693 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.
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.
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Picolo aziz92
ROFLMFAO, TRENDLINES=BS, INDICATORS=BS, OSCILLATORS=BS
BukLao = ALPHA and OMEGA
*facepalm* , what a joke, ROFL
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aziz92 Picolo
Andre, i think you forgot to change your acc back to flibbr.
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Ha! Brilliant...You should just draw ellipses to connect swings, or arcs. Trend lines are so 1990...
snapshot
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Thanks man. Absolutely beautiful.
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So I've been doing it right all this time, cool.
+1 Reply
Is this log scale?
+2 Reply
flibbr PRO QuantitativeExhaustion
yes
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lol @ the $5000 prediction ;)
+2 Reply
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