MagnusTradingGroup

The Dark Side Of The Bitcoin

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
961 8 11
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: https://www.youtube.com/watch?v=CqswNr2B874
Cheerz : ]
Sonny
2 years ago
TROLOL
Reply
Gravvi
2 years ago
junk
-1 Reply
rubenthin PRO Gravvi
2 years ago
Why junk?
Because the rising wedge should generally break downwards?
+1 Reply
bnzn_qwazar
2 years ago
agree with MTG. for dump were low volume. consolidation/rebuying in progress imho
Reply
rivet.popper
2 years ago
The lunatic is in the grass?
Reply
rubenthin PRO rivet.popper
2 years ago
bulls bulls bulls bulls...and...
Reply
rubenthin PRO rivet.popper
2 years ago
just another block in the chain ;-)
+1 Reply
MagnusTradingGroup rubenthin
2 years ago
Hahaha :D +1
Reply
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