Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/badfishbeefcake on 2024-01-18 20:20:54+00:00.

As explained in the title, I'm not a TA guy, and I know crypto is so volatile and macro has so much impact on what will happen. But something interesting happened here.

I traced those 3 supports line (i guess its called support, again im not a TA guy), back in late November, it's been almost 2 months. The only change I did is extending the line, but I never moved them.

It has been interesting to see in December candles hitting a support and always went back up.For the first time since I drew them, BTC hit the lower support line. The last support line that I have is at the bottom around $31000k.

P.S: I'm bullish on the crypto market.

EDIT: This is a 1 Day chart, so its about short term trend. (Im dumb, but I got that right....I think)

EDIT2: I ate all my crayola, even the non tasty one.