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e_damas
Feb 6, 2018 3:48 AM

Triangles for Projection  

Bitcoin / DollarBitfinex

Description

How bitcoin x USD will solve those labyrinths?
Comments
JadeDD

Yes, your chart is a real labyrinths, haha.
Can you give more explanation please
e_damas
@JadeDD, Each green line is a resistance that somehow needs to be 'solved' by BTC's price fluctiation. Usually those lines form an angle (triangles), and it can go up or down after breaking the line.
As we can see, BTC didn't get bearish, but followed the resistance line formed by 2017/12/30 and 2018/01/17.
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