BitcoinLong
amazing to me how breakout target lines become valid trendlines
look at the ascending dotted blue measured move line coming from the point of the falling wedge breakout.....notice how every candle after the breakout has been respecting it as some sort of magnetic resistance perfectly. TA amazes me sometimes and for even the breakout target/measured move line can become a valid trendline if you know how to take your measured moves properly not just by their height but also their correct angle.
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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.