oscarvs

time to correct a little

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I hope the chart speak by himself with these double bottoms, divergences and MA. OTE at 492.2

conclusion 17hours later: NICE

Comments

I'm still waiting for the real double bottom. I expect the price falls a little bit more and then we finally bottom out.
+2 Reply
oscarvs ChartArt
you mean the real double bottom at ~443? I think we need to test ~420 but not before a correction.
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nice read Oscar
+1 Reply
Did we just broke out upwards?
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Yes!!
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minbari HerSerenity
rofl
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Maddie HerSerenity
In the pennant I mean :O
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Yes we did, but it could easily prove as a false one given the low buying volume, extremely high resistance (2100 BTC stamp, 950 BTC-e), and 3 cumulative down-cycles hitting in 1.5h.
My two cents :)
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Maddie HerSerenity
This morning you were laughing but I told you that we broke out !
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