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Lucid_Liquidity
Jan 12, 2020 9:56 PM

Bitcoin has TWO top trend lines to this BEAR channel.  

Bitcoin / U.S. dollarBitstamp

Description

There is always two trend lines to the tops and bottoms of bull and bear channels.

One way is using the wicks and the other way is using the bodies of the candlesticks and they are called the conservative and bullish/bearish trend lines.

The conservative trend line uses the bodies and the bullish trend line uses the wicks.

That being said I am not Bullish at all until a weekly candlestick closes above the conservative trend line.
Comments
sasquatron
Pressing play shows how clearly that second bullish trend line acted as resistance and now obvious support. Nice work. Let's see how this plays out. Expecting at least a bounce here.
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