Trendlines are one of the major supports or resistances and on this Bitcoin chart we can see few examples which price react well to them and start to pump from green trendlines and sometimes dump from red trendlines and it is easy to draw one just and simple like drawing support line this time try to find support line which is Diagonal and one or two touch with this trendline you can find next support which is third touch and you can set your buy there like below example:
also sometimes trendline broke and their support turn to resistance and after retest of breakout you can enter sell like example:
there are so many rules about trendline like when it can break or after how many touches trendline lose it's power and ... we can discuss in comments more about them so ask any questions there and lets discuss.
Also this is educational post and Bitcoin right now may respect this trendline and hit 83K$ as target or in this bear market this support can also break and we can expect next bear targets like 69K$ then.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
also sometimes trendline broke and their support turn to resistance and after retest of breakout you can enter sell like example:
there are so many rules about trendline like when it can break or after how many touches trendline lose it's power and ... we can discuss in comments more about them so ask any questions there and lets discuss.
Also this is educational post and Bitcoin right now may respect this trendline and hit 83K$ as target or in this bear market this support can also break and we can expect next bear targets like 69K$ then.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
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Simple and easy 83330$ touch and our target hit.
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My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned msg in telegram.
Related publications
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.
5K$ rewards & 20% Bonus until next 10Days in Lbank with my link: lbank.one/join/uEzjxdo
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned msg in telegram.
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned msg in telegram.
Related publications
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.