Bitcoin / Tether USDUpdated An Updated Resistence Line
I realize that bitcoin has broken out of the lines that I drew yesterday; I nearly bought in before realizing that this is just another temporary peak and that the resistance line is not where I thought it was. The new line has reversed growth no less than four times, so don't buy in yet, and the crucial resistance for this channel seems to be solidly realized, so I have a lot more confidence in this new line. Confidence should be directly proportional to how many dots your line connects, so two is a little sketch, three is pretty good, and four is quite good.
Note
Did I call the reversal or did I call it? Well over 2.5% drop in value from the time this post came out.
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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.