I am a newbie, but eager to learn about trends.
I just finished my first real analysis on the BTC trend lines.
Yellow line: strong support/ resistance lines (resistance can become support).
Yesterday it tested the 33700 resistance line, but it was too complex, because there were more trend lines to cross.
Along the path there can be 2 mayor hurdles to take, which may cause a bigger drop.
I hope it is a bit self explanatory.
What you think? :-)
I just finished my first real analysis on the BTC trend lines.
Yellow line: strong support/ resistance lines (resistance can become support).
Yesterday it tested the 33700 resistance line, but it was too complex, because there were more trend lines to cross.
Along the path there can be 2 mayor hurdles to take, which may cause a bigger drop.
I hope it is a bit self explanatory.
What you think? :-)