Bitcoin today going up, down and everywhere. Perfect time to use trending lines.
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When trading, a trend line is a binding line for the price movement of an asset. It is formed when a diagonal line can be drawn between a minimum of three or more price pivot points. A line can be drawn between any two points, but it does not qualify as a trend line until tested.
Typically, a trend line is used to identify the resistance and support price for a moving trend and time frame chosen by you, the trader, if your pivot points are a miss, then change them.