DrDovetail

1day green long legged doji closes on the trendline wall

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
With the 1 day candle closing on the trendline wall as a green long legged doji , we have a nice solid bullish 1day candle now it appears to be doing the same thing the past few 1 day candles have been doing though which is having their daily high hit the Tline(in yellow) and then bounce back down off of it. Today has been no exception you can see it has bounced down again after hitting the reistance of the tline with the green trendline on the 1 day likely acting as support. It may not be that big a gamble if I were to put a limit sell of a small fractional amount right under the tline and see if I could then limit buy it back about $100 above the green trendline . Just what I might do, I'm not reccomending anyone else try this...as I try not to give financial advice.
Comment: it's looking more likely that the 200 Simple Moving Average which is actually slightly above the green trendline...might act as the current 1 day candles support seeing as how it has yet to send a shadow(wick) down far enough to touch the trendline yet.
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