/biz/ - Business & Finance

>>51413336
So you get a totally meaningless line with 2 points of contact? Idiot.

You can't pick and choose where the support and resistances are. They are where they are. They've already been determined by the market, over the course of time. There is only one way they can be displayed -- the way the market has manifested BTC's candles. The two lines blue lines in the OP chart is merely a visual aid for seeing the support/resistance which the market has created. The support is already there, without the blue lines being present. The blue line just helps you see it.

If you go and draw random lines in fantasy-based ways, ignoring BTC's candles (which look they way they do because that's how the market shaped them), then that has nothing whatsoever to do with reality or with the actual market.