BitcoinLong
Confluence of trend lines and support levels
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I have an Elliott count chart with the idea of BTC not going lower than $23,300.
I publish this chart separately below, as it is so busy. I have an interesting possible confluence of trend lines and support lines that converge at roughly $23,300 which coincides with my Elliott chart.
About the multiple upward slanted trendlines. I drew my one core trendline in log scale. Then I searched for parallel trend lines that have multiple touch points to justify them. And that is how you can create them.
I publish this chart separately below, as it is so busy. I have an interesting possible confluence of trend lines and support lines that converge at roughly $23,300 which coincides with my Elliott chart.
About the multiple upward slanted trendlines. I drew my one core trendline in log scale. Then I searched for parallel trend lines that have multiple touch points to justify them. And that is how you can create them.
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