@joshwoodcock, firstly, my lines have far more points of contact than the chart you just provided. Secondly, you have acruued more data in the past 24 hours. Thirdly we are using different time scales. Your lines are actually non-sensical as they have only 2 points of contact or less. My upper trendline has 3 points of contact and the bottom base line is previous resistance turned support with 2 taps on this triangle. Look left you will see it is a major point of price contention.
Moreover, at the end of the day, this all completely subjective and trading is based on probabilities.
Michele1970
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Big deal it's still under every moving average dumb ass! What til BTC breaks down from this non sense run up!
jch888
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@Michele1970, you call me a dumb ass.... Did I give a specific time frame for this trade? No I did not. I infact longed this break out with high leverage and made good returns. Please learn how to critique by understanding every trader trades in different ways and is not always looking at a macro timescale.
jch888
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@Michele1970, just a further note. Check moving averages on the daily time frame and not the 5 minute.