You haven't seen it before because a good trend line has at least 3 points matching the price and that happened yesterday.
We absolutely have to hold above that price for daily close, otherwise it looks really bad!
Also remarkable that we're trading a long time now outside value area.
Fresh moment has to be build and that could happen by holding above the trend line and attacking 50MA next.
We absolutely have to hold above that price for daily close, otherwise it looks really bad!
Also remarkable that we're trading a long time now outside value area.
Fresh moment has to be build and that could happen by holding above the trend line and attacking 50MA next.
Note
25.700 - it looks good now!If we hold that and stay above 25.3 the chances for a bullish reversal are high imo.
Note
The daily close yesterday was perfect for our scenario!I want to see a real push today. Hopefully no choppy crawling on that line for the weekend because then SMA200 could pull us back down.
Note
That's how it looks in daily now:Note
Daily SMA 50 got tested now and BTC is not falling. No rejection yet.
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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.