I'm wondering if in tradingview I'm the only one who sees BTC ready to start his natural ascent again.
This is the third time that BTC generates this formation after dropping and releasing the daily RSI, if we were to proceed on this trandline and pass the fuchsia resistance the future of BTC will be bright again.
Next big resistance after that is around 13k level.
good profit to all, and keep the fingers crossed :)
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Mt. Gox stike agian leave us with a bounch of flys, like i said in my previous comment: "if we were to proceed on this trandline and pass the fuchsia resistance the future of BTC will be bright again."
this is realy a case of broken trendline, today moves show a good signals of support, let's see how today candle will close!
The top is much higher on the latest formation, seems like a rising wedge yes, but it's placement relative to previous price action might indicate different behaviour going into the future. How convinced are you on a long position?
dfsemeraro
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You draw the third triangle in a way that ignores the correction. The third triangle should be more symmetrical. Not ascending.
Jefe
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I don't know why some of these bi-assed traders with loud mouths can't see this.
N3X74R
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@fakhan, i think the secret is just in zooming out, but if you they only consider smaller T.F. they'll rest blind.
Jefe
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@N3X74R, I'm surprised some of them are just so zoomed into the charts following it by the minute. I guess they're millionaires already by now and playing it safe. Lol