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vigl94
Oct 12, 2018 7:51 PM

Basic TA instead of Mooncalls 

Bitcoin / United States DollarCoinbase

Description

Here you see a good Comparison on what's the most likely Outcome of a descending Triangle looks like. There won't be a new Moon soon, Lambokids should fasten their Seatbelts.

The Arrow stops are some potential Bounce Points based on prior Resistance/Support from the Runup and 3D/4D/Weekly/Monthly Moving Averages
Comments
MorphinBoy
Account liquidated ?
UnknownUnicorn3629102
You are missing a crucial element in your TA. Volume. The descending triangle is only bearish when the volume supports it however the volume is very low and is still going down as the bearish rally weakens. This can create a very quick and powerful bullish reaction despite the descending triangle.
Hoodboss589
I hope you're ready to succumb to our terms, Pleblias.
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