BITSTAMP:BTCUSD   Bitcoin / Dollar
Key Trend Lines

A couple interesting trend lines for you guys to watch out for.

The white arrow is representing a 40% increase in 20 days.
I do see a sharp move like this coming, once the current triangle is broken.
It's do or die now.
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no bro, we broke all the trendlines already ... I sold and my target is 300 - 280 :)
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Which triangular do you mean?
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MagnusTradingGroup BTC_Daily.Pips
+1 Reply
Are you bullish or bearish here?
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khoilevt sammantic
50/50 ....
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more bullish as i believe whales have been accumulating the last 2 months over and over again.
however I will wait for a break out of the triangle before placing trades
+1 Reply
You draw trendlines through the middle of the price action?
+1 Reply
are you suggesting that trendlines become irrelevant when they get broken once?
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MoonTrader MagnusTradingGroup
Yes. For one, that wasn't even a trendline before it crossed through the price action. It was above the candles before. What makes you think lines drawn over the tops of candles can act as support later?
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