Greetings, I'm just drawing for the purpose of learning. Don't take it into consideration, but it is useful to have a look. If you comment, I will have learned as well...
The bottom main line is the 1 BTC:2$ line from November 17, 2011. This is our last castle today.Our strongest main support point is not insurmountable, but when we look at it in history, it took a roll call in March 2020, and before that, support in February 2011 was an unbreakable support in November 2011.
A trend line from March 15, 2012 is a line formed when 1 BTC is $ 4.2.This line has worked very well as a support for possible declines in BTC history.
You can look at the other lines in my diagram. We need these 2 lines that I mentioned.
They bring many scenarios before us.But my thoughts are obvious from the diagram.
I said at the beginning that I don't understand technique. I'm trying to learn.But let me state my opinion: here OBO - bear pennant etc. 1 BTC : 4,2 line coming from 15 March 2012 will absorb this.Today's equivalent of that line corresponds to 20800 numbers.
Let's say it's broken, 1 BTC: $2 line, which has been broken twice since 2011, should hold it.Even if it is exceeded, I think it will throw itself on the top again. This line corresponds to the levels of $ 13000 today....
By the way, would you look at the top line of the rising trend? :)
I would like to add my drawings instead of saying read my previous post here, but I don't have that much reputation.please like :)
have a nice day. bye
The bottom main line is the 1 BTC:2$ line from November 17, 2011. This is our last castle today.Our strongest main support point is not insurmountable, but when we look at it in history, it took a roll call in March 2020, and before that, support in February 2011 was an unbreakable support in November 2011.
A trend line from March 15, 2012 is a line formed when 1 BTC is $ 4.2.This line has worked very well as a support for possible declines in BTC history.
You can look at the other lines in my diagram. We need these 2 lines that I mentioned.
They bring many scenarios before us.But my thoughts are obvious from the diagram.
I said at the beginning that I don't understand technique. I'm trying to learn.But let me state my opinion: here OBO - bear pennant etc. 1 BTC : 4,2 line coming from 15 March 2012 will absorb this.Today's equivalent of that line corresponds to 20800 numbers.
Let's say it's broken, 1 BTC: $2 line, which has been broken twice since 2011, should hold it.Even if it is exceeded, I think it will throw itself on the top again. This line corresponds to the levels of $ 13000 today....
By the way, would you look at the top line of the rising trend? :)
I would like to add my drawings instead of saying read my previous post here, but I don't have that much reputation.please like :)
have a nice day. bye
Trade active
Trade active:
The line I show as the green line from January 7, 2012 is the 1BTC=7$ line.
This line was tested on 20.08.2021 but could not find enough support. On 24.08.2021 it went down to regain its strength. It tried again on 03.09.2021 but could not find enough support. Now it is gathering strength from below to come stronger and overcome this resistance. No one can stand in front of BTC, of course, this line will stop being a resistance and become a support, but together we will watch when it becomes support.
This line was tested on 20.08.2021 but could not find enough support. On 24.08.2021 it went down to regain its strength. It tried again on 03.09.2021 but could not find enough support. Now it is gathering strength from below to come stronger and overcome this resistance. No one can stand in front of BTC, of course, this line will stop being a resistance and become a support, but together we will watch when it becomes support.
Trade active:
The lines I draw have nothing to do with the fib. They are the trend lines that I set myself. Let's carefully monitor the places where it receives support and resistance.
1 BTC = 1 BTC