#5200neveragain Long

Bitcoin / DollarBitfinex

Description

⋅ Oct 4, 2018 9:17 PM

I'm no expert but here is the case for "bottom is in" - just for brags :).

Days away from breaking out (either direction) of the massive desc triangle we've been forming since start of year.

Educational purposes only. Not trading advice.

Trend Analysis Chart Patterns

Comments

Fidelio_

⋅ Nov 16, 2023 6:02 AM

funnyyyyyyyyyy

antonybes

⋅ Oct 6, 2018 9:59 AM

Fingers crossed this plays out. And hopefully the volume arrives

colinj

⋅ Oct 5, 2018 11:32 AM

Gorgeous chart EWSH. Just not seeing a break down on this one, but maybe i'm being biased. Pretty much last call on buying up cheap coins. JMO.

TheMailMan

⋅ Oct 4, 2018 9:38 PM

descending triangles are bearish. although a break could happen up, i do not think bulls are strong enough to break such a powerful resistance. down we go!

eduardokaykedasilva

⋅ Oct 4, 2018 9:50 PM

@rsdjosh, I do not think the bears are powerful enough to break such a powerful supposition!

eduardokaykedasilva

⋅ Oct 4, 2018 9:51 PM

@rsdjosh, *support

TheMailMan

⋅ Oct 4, 2018 9:52 PM

@eduardokaykedasilva, we will break downwards for the descending triangle Touch the bottom of the support and bounce

EWSH

⋅ Oct 4, 2018 9:52 PM

@rsdjosh, yes they are a bearish formation however... leighdrogen.com/some-descending-triangles-are-powerfully-bullish-7d44771cf71a