smellymoo
Long

Long term Decending triangle

BITSTAMP:BTCUSD   Bitcoin / 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.
Reply
I like how positive you are!
I've had the same idea.
Possible breakout @ 3 october 2014


Have a good day! :)
+2 Reply
ChartArt Maddie
All similar ideas so far:

Short term downtrend is over, expecting 540-560.

Short term downtrend is over, expecting 540-560.



Long term prediction

Long term prediction


What happens after the shorts massacre?

What happens after the shorts massacre?


bull 2 bull market :)

bull 2 bull market :)


Simple thought on BTC

Simple thought on BTC


Possible breakout @ 3 october 2014

Possible breakout @ 3 october 2014
+2 Reply
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