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LeMogwai
Jul 28, 2014 6:06 PM

Descending Channel still in play Short

Bitcoin / U.S. dollarBitstamp

Description

The price is still in a descending channel, still targetting 560 if the uptrend line hold. Expecting a bounce to retest the 590- 600 area.
Comments
PaulAnthony
damn... good call...
LeMogwai
I m doubting about the green arrow, forget about it :)
SunnyBTC
Totally agree.... ADX is completely negative. The bear power has only started to kick in, we're at 24 ADX atm - average is around 40 once sell off of this scale completes
tradingview.com/v/B8j5RNTH/

Love you're grape implementation btw. It's making me money - Thanks very much!!!
MrJozza
WOOOAH there! Grape is mine! Mogwai is Grib :P
LeMogwai
That's right, all credit goes to you, thanks again dude :)
smalldarkcat
:p why not trust yourself
smalldarkcat
nice.
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