BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
My previous btcusd analysis is still valid. price is moving sideways forming a continuation chart pattern - triangle. check my previous idea in the list below.
Comment: as we didn't break the triangle to the downside, no sell trade was taken. Morever, a failed pattern by itself is a signal in opposite direction. In many cases, a failed pattern is even more reliable signal than the pattern itself. Just trade the side the market is on and forget about being right ot wrong. If the breakout is true I will initiate buys, if it turns false (statistically, 50% of breakouts are false) I will initiate sells.
This pattern was found by the MPS-v5.5 pattern recognition software: https://mps-trade.com

A huge discount is coming. Get ready. It starts on the 1st of April.

My YouTube channel: https://www.youtube.com/user/alexniquitos/
So.. a Tiny spike then this played out perfectly.
such a violent market in terms of fake outs and a month's worth of buy volume in 1 red candle...
this market is about low leverage, patience, risk tolerance, and wide timing. But the most probably situation eventually plays out. $2800 incoming by feb?
Reply
Even more than 50% of breakouts are failed during 2018. Nice one.
Reply
Wrongggggggg
Reply
@wildbeast, so what? patterns indicate a higher probability of one thing happening over another. this means that failed patterns are inevitable.
+1 Reply
If you're willing to follow this guy's horrible TA you might as well follow me and my great head of hair

Reply
@bitcoinbobby, you sure ew count ? why 4 bottom 1 in triangle ?
+1 Reply
mc_peewee ArmornpobRattanachonrapum
@ArmornpobRattanachonrapum, This guy just spams his garbage everywhere hoping to get views. Don't even pay attention to him.
+1 Reply
Mrbruno ArmornpobRattanachonrapum
@ArmornpobRattanachonrapum, this guy doesn't know Elliott wave. His count is BULL SHIT
Reply
@t_analyzor, why not, anything can happen.:)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out