Fontas
Short

BTC trendline Broken

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
1330 6 8
a year ago
Unfortunately triangle was broken to the downside. Signals end of rally thus far. We will have larger and larger dumps in coming months.

Invalidated if new high is made.
a year ago
Trade closed manually: Trade closed manually: Dump fractal broken. In past 6 hours price should have trended down to new low. Instead it made new local high. Bullish.
cryptopicasso
a year ago
snapshot


Have to say I disagree - yes upper support dotted green line broke but we are bouncing on the trend support (red line) and 38% re-tracement from the last impulse wave 3
BTC in bullish markets paints clear elliott waves - ellitts rarely lack the 3rd impulsive wave (wave 5) - i believe if we hold here at this support and 38% retrace it will spark the next impulse of buying with the full moon coming
+2 Reply
oleg.golubovich cryptopicasso
a year ago
highest probability for me too. great chart!
Reply
it depends much on how do you draw that one and which data do you use. atm okcoin seems to have a perfect bounce for me, while btc-e is quite far away from their trendline. hidden bull may still play out.
Reply
akaash00 oleg.golubovich
a year ago
Never use btc-e as data as they have a lot of drunk panics there and never have a good trend line.
Reply
oleg.golubovich akaash00
a year ago
I used to think this way earlier as well, but time shows their data analyzed through proper trading platform (I prefer MetaTrader) gives pretty nice info when using 1+ hour charts. Though 15-30 minutes and less are total mess.
Reply
cryptopicasso
a year ago
yes very bullish indeed
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out