njmanura

Trend line is not broken if you consider wicks

BITSTAMP:BTCUSD   Bitcoin
Drawing trendlines can be tricky as some draw with bodies and other draw wicks. Since bitcoin is trading in 24 x 7 market considering wicks is important. If you look at this macro trend line well you will notice it was not broken. Unless this line is broken I am not terribly bullish on bitcoin.

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