The Dark Side Of The Bitcoin

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
Hope you get the reference : D

Blue & Red trendlines are linear regressions of lows/highs starting from 2015 up to now
red: 1 & 1.618 standard deviations
blue: 0.618 & 1 standard deviations

Dashed lines are the just representing the midlines in between to figure out
the exact crossover at the end of the triangle which seems to be right around end of 2015.

While it looks like a rising wedge rightnow, after more price action it might form into an ascending triangle .
0.764 time fib is a potential candidate for pattern breakouts in general.

Make sure you listen to good music while watching this chart:
Cheerz : ]
The lunatic is in the grass?
rubenthin PRO rivet.popper
bulls bulls bulls bulls...and...
rubenthin PRO rivet.popper
just another block in the chain ;-)
+1 Reply
Hahaha :D +1
agree with MTG. for dump were low volume. consolidation/rebuying in progress imho
-1 Reply
Why junk?
Because the rising wedge should generally break downwards?
+1 Reply
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