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renotrader
Sep 1, 2017 8:40 PM

hitting previous trend line Short

Bitcoin / United States DollarCoinbase

Description

COINBASE:BTCUSD
bitcoin should be testing 5k and consolidating down (consolidation is good for the price)
Comments
adilmae
the only one... how you expect that ??
renotrader
@adilmajoul, see the blue line in the chart..? that is a trend line.. see how the prize bounces months ago... To draw a infinity trendline you need to use "Ray line" on your charting.
Months ago that line was support (it was bouncing on it) but it broke support, and the basis of charting says "when support is broken it becomes resistance... So, the previous trendline became resistance.
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