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angelsmfg

BTC false break out but may be forming another triangle

Long
Bitcoin (BITFINEX:BTCUSD)  
angelsmfg Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns
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trendanalysis chartpattern
BTC went up but fell quickly. if it wont fall below the diagonal support line if may still have a chance to go up by forming another traingle
Comment:
I drew a projected parallel line to the support line. This is where they might play with us. I don't think that they will dump hard yet. It may fall to the support line again It may form an upward channel to probably dump harder when others have chased the price.

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Comment:
I also checked the Gann fan and the last line had been acting as a strong support. If ever it breaks down from there, I am only looking into my base line of 5,700 something. If you have noticed< my support line is just exactly the last support line of the gann fan

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Comment:
sorry i copied and pasted a wrong one. here's my gann fan

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Comment:
sorry it's playing up. Hope this works now

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