Bitcoin (BTCUSD)

[Strategyone]

If pictures tell 1000 words, what did the picture tell us when the current price blew through your line? If the price would have bounced off the line and headed back down, you would have said "Nailed it!" or "Clonk!", etc. etc.

It also seems to me that you simply change the line when it doesn't tell the story you meant to tell?

I don't disagree with you that charting can help show trends and they can be useful for building a position over time or lightening a position if that is what one wants to do. But I fail to see a 1000 words every time a new line is drawn.