Ingemkts
Long

Definitely it is going to the next level

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
936 8 23
A bullish triangle with major bearish implications which, for me, are being cancelled as it moves sideways up, building a strong support.
Comment: Hey guys, look at the two blue arrows down and imagine you take those two arrows and put them one under the other.
495-297=198 and 463-352=111,
And sum both drops 111+198=309,
then you deduct 309 from the higher high 495-309=186
If this theory is true then the bear div is done because 186 was the double bottom just it was in two parts and we are going to the next level up, I mean this is really going up.
This looks so pretty !!
What do you especially mean by bearish implications?
Reply
Hi Maddie :), look at this chart (weekly timeframe), there is a bear div ignored by the strong bullish consolidation (look at the red arrows in the price and in the RSI) but the key point to define the real bulltrend is $507 (blue light line), for me. If btc breaks that point then btc could likely see more than $680, and look at how that blue light line crosses with the green line of that gann.

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Maddie Ingemkts
Thanks for the reply Inge.
It's totally clear to me! Let's wait and see :)
Reply
yw :)
Reply
I would agree.
+1 Reply
:)
Reply
Very Nice!
+2 Reply
Ingemkts oaksacorn
:)
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