smellymoo
Long

Long term Decending triangle

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
1000 3 3
I see a bounce happening at 443$ if you ignore a few flash crashes and bouble peaks then this triangle has a lot of touching points and successfully predicted the last bottom.

I would like to counter the many bears hoping for 100-200$ bottom, people are greedy and will be buying at the 448$ as it will be a double bottom and bottom of this very long term trend. Ignore bears, they are just spreading negativity to try to send price down. Think about how resilient and amassing bitcoin             is, and that it has rarity and increasing utility then it is clear we are heading up long term.
are you a fundamental analyst or a technical analyst? also that's not a triangle.
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I like how positive you are!
I've had the same idea.


Have a good day! :)
+2 Reply
ChartArt Maddie
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