ppierro
Long

BTC amazing pattern similarities - potential Long setup

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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30
1143 14
Will be huge expansion if this will play out


as i mention before :
there is a big difference, we where much far away for the 200MA and 100MA in the daily so much more room to growth they are much closer this time , this MA are quite strong resistence
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ppierro luissjp
@luissjp, it is true that these MA's are hevy resistances however I don't see the reason why we couldn't break them finally as a relief after 9 months of downtrending and trap more people. Look at end of June 2015 market behavior. Imo we are now very close place in the market structure. Of course anything can happen

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luissjp ppierro
@ppierro, that could be a posibility , thanks for the graph.
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luissjp luissjp
@luissjp, we broke over 200MA. one thing doesnt match to me 7418 in bitfinex, 6655 coinbase 6633 in bitstamp. got in at 6350 and retough my strategy, but i didnt wonder a explosion like this, And a new higher high
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ppierro luissjp
@luissjp, tether FUD... nobody could anticipate such case. This premium on tether exchanges scary me
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luissjp ppierro
@ppierro, bellow 100MA know
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A lot of fud surrounding tether atm
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The only think that concerns me is the volume. It seems really much stable on the right graphic where the expansion play out rather than the left one which i see almost no difference.

Could be possible,
Let's see.
Best wishes.
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ppierro BeniGo
@BeniGo, yes you are right, however as you noticed these are two totally different time frames so comparing volume structure shudn't be treated directly imo. Lets see its just pattern similarities :)
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