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.
how many % go down , or go up . Can you tell me what you think ...
read the description and look at the arrows on the chart.
+1 Reply
khoilevt MagnusTradingGroup
so sorry . i don't know .. thank you guys ...
You are welcome!
+2 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?
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?
MoonTrader MoonTrader
Why not use a trendline that's been under the price the whole time?
+1 Reply
expirience. Isn't it obvious that price is reacting to these trendlines (or call it what you want) rightnow. you are probably thinking about classic trendlines that are drawn from low to low or high to high only. what I'm doing is obviously a bit different which doesn't make it wrong as there is no right or wrong. if it makes you money it's right.
+1 Reply
Are you bullish or bearish here?
khoilevt sammantic
50/50 ....
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
Which triangular do you mean?
MagnusTradingGroup BTC_Daily.Pips
2.Auction Bidirectional Trade Idea
+1 Reply
It's do or die now.
no bro, we broke all the trendlines already ... I sold and my target is 300 - 280 :)
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