CerealBudder

BTCUSD "the whole picture" with some lines

Long
COINBASE:BTCUSD   Bitcoin
I drew some lines that i've found to be giving a good amount of support/resistance. they arent 100% on every point, and thats ok, i allow the lines some wiggle room. i think we will be moving through these triangular channels, occasionally popping over or under into the next channel from the momentum carried through the line. this is my optimistic analysis of what history has shown me. almost looks like its forming a giant cup and handle, tipped to the left a little. the resistance line we are negotiating with right now (1/19/2018) is a major one. Need some strength to beat this one. I think the trend will continue and we will be seeing new highs around the end of summer.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.