BTCUSD

in#bitcoin•

The price just retraced to the original uptrendline formed last year. I expect continuation of that uptrend. Let's see the chart unfolding: https://www.tradingview.com/chart/BTCUSD/GdAfmy1L-BTCUSD/

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How do you know how far to draw the trend line though? Going back further in time the support line doesn't exactly match. Interesting analysis though. I'm not normally into subjective TA but always curious what people think. Short term I'm bullish on BTC (and long term but it will have its ups and downs) as seen from my data below. Check this out if it interests you: https://steemit.com/steem/@weilii/introducing-the-neux-oracle-steem-and-bitcoin-trade-signals Just started following you, would appreciate a follow back if my price analysis content interests you as well :)

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Hi weilii,

You are right that it always depends on viewed timeframe. I chosen this particular trendline as there was confluence with demand/support zone (green rectangle). Anyway there is less discretion in my TA than it can look like. :-)

Cheers!

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