Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
HairyMaclairy
on 18/10/2018, 20:47:06 UTC
⭐ Merited by JayJuanGee (1)
Of course, you can draw lines however you like, but I find it a bit less realistic and predictive if you start from the extreme top, because the top was such an extreme (not conceding blow off top yet, except as a short term blow off top... which was about a two months time period that arguably provided the base for that), so perhaps, instead the top of the resistance line might start from the $15k territory or so and therefore end up touching more of the subsequent BTC price peaks (early march and early may, for example)?

Whatever works for you and produces actionable data.  

For me, our failure to break away from the red long term downtrend line (so far) tells me we are still in a bear market.  That’s all I need to know.