Found support where I hoped

[arepo]

so becouse their are three points which show a matching under spike, that is considered the trend line
ahhahahahahahahha

i could show you a trend line which proves that bitcoins worth 50 dollars
that graph means nothing !

show me. 3 points makes a robust trendline...

[crickets]

[afbitcoins]

Heres an update to that first chart



We did find support, now testing that line again

[meangreen]

the OP found atheletic support with a rubber band and a peanut shell

[johnblaze]

Thanks for that chart arepo RSI looks pretty bullish I'd say

it's almost as if TA refers to functional, scientific methods.

yeah. almost.

haha

[Bitsaurus]

Thanks for that chart arepo RSI looks pretty bullish I'd say

it's almost as if TA refers to functional, scientific methods.

yeah. almost.

haha

- Graph of BTC price - check
- Ruler - check
- Colored marker - check
- Evidence based statements.....I'll get back to that one...

[afbitcoins]

Not a science more of an art I'd say.

Looks like support on that trendline isn't holding this time, can't be bothered drawing in the lines though. Thin volume, but on the market depth looks like price won't drop too much.

[arepo]

Not a science more of an art I'd say.

Looks like support on that trendline isn't holding this time, can't be bothered drawing in the lines though. Thin volume, but on the market depth looks like price won't drop too much.

we're in a period of consolidation, and it's the weekend. last weekend broke a short-term trendline, too, but price simply consolidated around the $120 level until a significant breakout up.

what it is important for the bull picture is that we bounced off of the trendline on the way down, and also that we see a breakout up out of this triangle:



--arepo