Nemb1997

NEW BROWN DOTTED TRENDLINE RESISTANCE HAS BULLISH BIAS

Long
BITFINEX:BTCUSD   Bitcoin
_ UPDATE......INVESTOR
_ SOME REASONS TO CONSIDER ON WHY THE NEW BROWN DOTTED TRENDLINE'S SEEMINGLY BEARISH SIGNAL IS
SHORT LIVED... 1). PRICE HAS ALREADY BROKEN ABOVE KEY TRIANGLES AND IS RESPECTING THESE TRIANGLES
VERY WELL ABOVE.
2). SECONDLY, THERE IS PINK HORIZONTAL SUPPORT WHICH BACKS THE POSSIBILITY OF PRICE CONTINUING TO PRODUCE
HIGHER LOWS, A SITUATIONS THAT FURTHER JUSTIFIES OUR LONG POSITIONAL OVERVIEW....
_ DETAILS ON THE CHART FOR YOUR OWN TAKE!!!! BTCUSD
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