chduhamel
Long

Bitcoin touched its main support but PRO traders do not see it.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Look at my chart and what do you think know, still bearish? Ok PRO traders are mainly bearish but did they see these two main support and resistance lines? Of course not because who would like to short now when you see this.
Do you agree?
Reckon you might be onto something, got a similar trend line pattern in my 1day binance chart. With a descending triangle meeting in a few days, still hasn’t broken through the support line :)
See what happens
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Except that your “main support” is made from connect one low to another very unconfirmed low of 7.7. You will be in trouble if you long
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@gmpryb, To draw the lines, I remove the wick low for the support and the wick high for the resistance.
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Not many touches on the support line though. Probably need to bounce off it a few more times to confirm it, nice chart though:)
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chduhamel kinga176
Yes and this is why it is difficult to find it and to believe on it ;-)
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The pro traders rely on Man's wisdom rather than Jesus' wisdom. Believe in Jesus.
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I agree. I prayed and Jesus told me to long. I just went long.
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chduhamel mightytrader
Me I do not short, but I know that people who short can change their idea very quick. In a few days they can see Bitcoin reaches 25.000 next months.
+1 Reply
mightytrader chduhamel
@chduhamel, Why not short? It's just making money the other direction and fun as you get more opportunities.

I agree. The shorts change their minds very quickly when the price starts going up.
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chduhamel mightytrader
I cannot short with my exchange / broker.
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