BitcoinLong
BTC Broke Downward Sloping Resistance and Holds it as Support
I don't like to connect my downward sloping resistance line at the very top of the wicks. Those are usually very quick run-ups that are shot down fast. Since support and resistance lines are elastic I tend to place my lines a bit below these "shenanigan" wicks that are designed to throw traders off their game.
That being the case, Bitcoin has broken my downward sloping resistance trend line and that line has switched to support.
Yet more evidence that the tanker is currently turning around to go the other direction.
Peace, Love, & Crypto,
B166ER
That being the case, Bitcoin has broken my downward sloping resistance trend line and that line has switched to support.
Yet more evidence that the tanker is currently turning around to go the other direction.
Peace, Love, & Crypto,
B166ER
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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.