frankoverwood

playing with btc trendlines

BITSTAMP:BTCUSD   Bitcoin
noticing few patterns when btc trendlines converge.

pic 1
s3.amazonaws.com/tra...shots/k/k90ylZaq.png
In this picture i can see how convergence worked as support on price frame and also as top on time frame.
pic 2
s3.amazonaws.com/tra...shots/p/pprMiGko.png
pic 3
s3.amazonaws.com/tra...shots/s/SGPxkwjZ.png
(scary)
pic 4
s3.amazonaws.com/tra...shots/n/n5BSZLPH.png
pic 5
s3.amazonaws.com/tra...shots/s/sl5W6jh3.png
as you can see in pic 4 and 5 when blue line converge with red line btc create a support in both time and price frames.
pic 6
s3.amazonaws.com/tra...shots/t/TVPeVtIZ.png

s3.amazonaws.com/tra...shots/3/30MyHyUT.png
i see big big resistance from 70 to 100k and big big support from 8.6 to 4k.

im i the only one seeing seeing this entire thing? did i smoke too much?

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