COINBASE:BTCUSD Is clearly on a trend the purple lines offer a view of that trend also the bottom purple line serves as resistance and exactly where COINBASE:BTCUSD stands know the white upwards trend line meets the purple bottom support line ( # 2 and #4 )serving as a double support which in my eyes won't let COINBASE:BTCUSD go any lower today! If COINBASE:BTCUSD manages to keep its trend and somehow follow the white upwards line and not follow the light blue line we can finally start to see COINBASE:BTCUSD go up $ also the light grey lines serve as support and resistance points
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Okay guys here is my BTC daily chart and as we can see BTC found support rite on the blue down trend line and before it broke down it found resistance in the light grey line we can expect btc to actually follow that blue line and and if you pay close attention there is a grey line running parallel with the blue line its like a channel BTC is currently following I expect it to at least go back up to the line and hopefully even brake it we will have to wait and see