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B33tcoin
Mar 10, 2015 6:40 PM

Plain fact: Bitcoin Turned *Lime* Green (again) Long

BITSTAMP:BTCUSD1D
Bitcoin / U.S. dollarBitstamp

Description

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When only looking at multiple ribbon daily EMAs. Bitcoin is entering in a significant and historical zone: the green lime one...

It's just food for thought and plain fact.

PS: for more details about the dynamic my wedge scenario posted 2 months ago is still in play and is ridiculously efficient, have a look too: tradingview.com/v/nOHd1wTW/
ribbonBitcoin (Cryptocurrency)BTCUSDExponential Moving Average (EMA)Daily Chartstrendreversal
Comments
B33tcoin
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B33tcoin
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Update: turned full red quite quickly.
rivet.popper
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So what do we make of this? No reversal?
B33tcoin
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Check the related idea : tradingview.com/v/nOHd1wTW/

It would be a reversal if the mega-wedge breaks high.
rivet.popper
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Your last falling wedge chart and this one are clinchers. Color me impressed.
rivet.popper
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Can we get an update on this? Are you still feeling the love here?
jangseohee
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closer look
jangseohee
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very nice scoop indeed
ChartArt
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Plain fact:

"The appex of the cone is pointing to zero."

tradingview.com/v/stS9t1fK/


*just kidding*

Here is my own chart:

"Bitcoin long-term outlook 2015 with RSI quarterly price trend"
tradingview.com/v/pGe8MAI9/
Slot
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Just wanted to let you know that I shamelessly stole your indicator, thanks for sharing this great chart. In combination with the drawn 'bowl' from your previous chart this all seems to be putting the lime in the coconut (youtube.com/watch?v=5LxC3M-Yngs).
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