Davidbike

Bitcoin trend line practice

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Just speculating

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Oh yes I also think that it could break out of the downward wedge triangle pattern at A, I forgot to draw a line from the peak of 20,000 to our lastest downtrend, the angle matches up well with the resistances. I also noticed from watching youtube videos of thechartguys and Crypto Jebb that the 4 hour exponential moving average seems to bounce off of at support in an uptrend and resistance in a downtrend and one of Crypto Jebb's video on 7-2-2018 how the 21 day moving average seems to be something to watch.
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Practicing trend lines
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IONCHRONO Davidbike
@Davidbike always worth doing, we may do X A and B i think C would be more steep upwards but IMO im pushing more for A to break this wedge.
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Davidbike IONCHRONO
@IONCHRONO, Oh yes I also think that it could break out at A, I forgot to draw a line from the peak of 20,000 to our lastest downtrend, the angle matches up well with the resistances.
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IONCHRONO Davidbike
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