2019.02.23 - Weekly Trendline More Important?

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2019.02.23 log.png

https://postimg.cc/1nXHmjZ7

2019.02.23 lin.png

https://postimg.cc/BjCcx0Sw

2019.02.23 lin 1h.png

https://postimg.cc/Z978Mxy8

I jumped out of my first trade because it wanted to go up.

After redrawing the basic trendline from the 2011 LOW to the 2017 HIGH, I tried the weekly in stead of the 3-daily linear timescale, because I found it weird Bitcoin saw this as just a "small bump in the road".

This was the remarkable result:

daily 3 daily.png

https://postimg.cc/f3VWPJ5t

Bitcoin went up from the 3-daily based trendline to the weekly based trendline. Makes me wonder if the first top would have been where the daily based trendline would have passed by.

2019.02.23 - Weekly Trendline More Important? | Ecency