You are viewing a single comment's thread from:

RE: Bitcoin (BTC) Mid-Day Update: ABC Likely Complete; $9,451 likely Next Target

in #bitcoin7 years ago

Thank you for your post haejin!

I've noticed you put resistance line (the one we've broke yesterday) lower than other analysts. I mean the line going from 17k which is the support line now.

So what is the reason to draw this line lower and intercept price at 12-13k on 28th Jan?

Sort:  

That higher one connects to the tallest peak. That would be my next resistance line. For the wedge, I don' connect the upper line to the tallest peak.