pakardel

2018 support + resistance = trend is drawing a smile

BITFINEX:BTCUSD   Bitcoin
all i have done is to highlight the short term support and resistance. look at the angle of the support lines. if the trend continues, we are on the right track to complete the big yellow smile on the chart.
i know many are not convinced yet of the trend change because of the big green candle that made this trend change looking kind of artificial, but this could also mean that a big player is accumulating.
once the bull run starts it will not stop until will get parabolic again. it's not important if the trend change is artificial or not, the most important thing is the result ... the bull run.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.