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Moneytome
Mar 21, 2018 10:20 AM

BTC resistance 

Bitcoin / U.S. dollarBitstamp

Description

0.5~0.618 + Long-term downward trend line + 50day,21day MA Resistance line and Dead cross

Comment

Comment

Comment

BTC fell faster than I thought.
Comments
ashaman
If you draw the downtrend on log scale, you'll see that not only has it not been broken, but that every time the price approaches it, it waterfalls away. I've definitely found that when it comes to Bitcoin, the trendlines drawn on log scale are much more important.
Moneytome
@ashaman,
Yes. The log scale is still in a downward trend.
Moneytome
@Moneytome, OMG...
Moneytome
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