Perfect pull back from the intersecting point,

2019년 8월 6일

I had this trend lines when bitcoin was $8000 around.

This simple trend line shows support and resistance very well. Now the orange line is resistance which today it kissed and pulled back.

If it moves within the support and resistance level bitcoin will be in control.

If it crossed over the orange resistance line we will again see a parabolic move to a new high making the resistance line as support.

Thank you,