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OutOfSpace
Dec 26, 2014 3:30 AM

Limited downside and upside until new year.  

Bitcoin / U.S. dollarBitstamp

Description

Looks like we will bounce within this triangle until the new year. Breaking up will be met with the long term trend line and down side is unknown. First chart started at the 305 bottom, so feel free to be critical.
Comments
OutOfSpace
320.05 is about as low in the 320's as you can get, looks like we may drop down out of the triangle if we don't bounce off the trend line.

Noobincrypt
nice indicators, ive seen other ppl use Ruby, can you explain it a bit? is it just a bunch of emas at a cross to signal buy/sell/strenght/weakness/support/resist?
OutOfSpace
Thanks, I'm still learning to use Ruby and am not entirely sure how to read it yet, at least not enough to try to explain it. From what i understand it is using the 8/41 cross. Bearmarket is good at Ruby lessons it if you see him in the chat, or Chart.Chat.Connect when she is on.
OutOfSpace
May be heading to low 320's before more down

OutOfSpace
Updated - Hit close to 331

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