Bitcoin : 6 Years of GOLDEN LINE

[finfarm]

They say : You cannot Time the Market!

But we say : Yes, You can!

---

Master the following Strategy and you'll know When to Enter and When to Exit.

✨THE GOLDEN BTC TREND LINE ✨

From the image above you'll see a golden line which BTC has followed accurately for the last 6 years. The chances of repeating in the future are the same. This trend lines started from May 2017 and still continues (until Bitcoin itself breaks it).

Today I'll show you how it works. The Golden line you see in the image above is the Golden Trend Line. This has worked as a Major Support and Resistance level in the past.

---

Observation 1 :

• In the above image : The Golden Line acted as a resistance in May 2017, and it was tested again in August 2017. However, it failed to break it.
• Finally, it was broken in October 2017. Once broken, Bitcoin touched new heights and was in a Bull Market.
• It again tested the Trend line in February 2018 and finally, it was broken in March 2018. Bitcoin was in a Bull Cycle from October 2017 to March 2018.
• Bitcoin tried to break the trendline in August 2018, However, it failed and it entered into a Bear Cycle which lasted approx. one and a half years.

---

Observation 2 :

This Golden Line stands true even if you observe the last 2 Bull and Bear Cycles. Whenever the Line was broken either a Bull Cycle or a Bear Cycle was followed. This also acted as a Strong Resistance and Support Level for Bitcoin in the past.

Even recently, After the Bitcoin's sudden fall, this Golden Line acted as a Major Support Level for Bitcoin emphasizing that the Bull Cycle for Bitcoin will continue.

---

Mastering this Golden BTC Trendline will help you time your entries and exits.

---

Do you want more such analysis? Let me know in the comments below 👇

Follow FinFarm For More ✨

_{Crypto learning made fun!}

Posted Using InLeo Alpha

Comments

[latinowinner]

very interesting, haven't heard of this indicator before

[finfarm]

Glad you liked it!

[hivebuzz]

Congratulations @finfarm! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You received more than 700 upvotes. Your next target is to reach 800 upvotes.

_{You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP}

[tecnotronics]

The fluctuation of bitcoin is very interesting, let's hope it continues to rise for the good of cryptocurrencies in general, greetings colleague!🚀🚀

[omachi213]

thanks for the analysis, let's how it would be in the coming week.