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pattahedge
Sep 23, 2019 11:25 AM

bitcoin after bakkt launch 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

as we can see bitcoin has a nice support on a long lasting trend line and fails to go under it.
current price also corrolates with 200 ma wich makes it a great support level, a daily close under would mean we go look for support on the next trendline,
but for today i think we have more change of going up and touch the green trendline as a minimum, break that and we could maybe go to the white trendline, 3th target is the purple trendline.

lets see how it will work out.

if you wanna learn more about TA hit me up in a DM
Comments
Rocky_Outcrop
The purple trend line comes from nowhere, has no touches and seems silly. Maybe connects to something way off screen. Horizontals would be better.
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