jorgearias5
Long

Bullish Pattern

BTCE:BTCUSD   Bitcoin / Dollar
138 2 5
1. the WRB             is a candle that indicates buying stength, this could give a signal
for the beggining of an upward movement

2. the movement between HL1 and HH1 has overtaken important left pivots ( see LHs),
this is considered as a possible beginning of an upward movement in this frame time.

3. The higher frame, in this case the 12 hrs frame time ( I use 3 frames time to identify
the probabilities http://screencast.com/t/ySVz4Wb2Ak ), shows an WRB             , also indicating
the buying strengt and the moving averages shows a signal called divergence average ,
wich is an oversupply signal that indicates that buyers are taking back the market control.


ChartArt
2 years ago
Basically it was very bullish since the double bottom:

Buy now! New uptrend starts here at USD 400 , CNY 2350
Reply
jorgearias5 ChartArt
2 years ago
agree, but it is important to do the hypothesis before the movement begins
Reply
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