BTC failing @ long term downward trend line.

BITSTAMP:BTCUSD   Bitcoin / Dollar
205 3 6
We can see long term downward trendline consistently rejecting bulls. I am currently short and i will be buying btc @ 235, 250,260.
It seems you arbitrarily drew a trend line that suits you. The top line doesn't include the peak at $1153 and it intersects tips on some and body on the others candle sticks. The lower trend line touches tips.
MoonTrader Justlite
It doesn't necessarily have to include the peak. Trendlines don't have to be perfect. This one runs from the $995 peak after the bubble, which is a very important level with lots of bagholders, so it makes sense to start the trendline there. The fact that it runs through the tip of the $450 bull move doesn't invalidate it because we can see that the price still seems to be responding to it. The lower one touches all tips, which is a valid way to draw a trendline.
seems like this graph is still valid. only a week or so out until the end of the falling wedge (3/3/15). the buying points are remarkably accurate at this point and time too ***bravo*** i'm still stubborn to believe we're out of the bear cycle yet...but the next week could prove me wrong.
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