BITSTAMP:BTCUSD   Bitcoin / Dollar
551 20 2
6 stages of Bitcoins             rise and fall.
Handy tip: when the price crosses a trendline, that usually means the trend is changing.
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Henri MoonTrader
Handy tip for you: When you disagree with someone it's best to simply disagree and leave it at that, but when you come back acting like a prick for your own personal agenda all you're doing is making an ass of yourself.
-1 Reply
Whoa, buddy. It's just a tip. I'm not rubbing it in your face. Calm down.
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Nice chart. So, place between 2 circles is zone of turbulence, It's support\resistance zone and price often tests high black border before rapid fall. If BTC price breaks 410 $ it's time to became bullish, but now I am bearish with you.
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Am I wrong or we are already out from the upper line that you drew?
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Henri RamaDeda
It's not a question of upper or lower trend lines but a question of the overall trend. Most Bitcoiners see a rebound and they start talking moon and and giving anyone who doesn't agree with 10k USD per BTC a hard time but there is money to be made on these rebounds although it is necessary to trade with your head and not delusions. The half circles are fibs that represent points of interest and the linreg lines are only there to identify the overall trend. In no way should anyone look at the linreg lines and say if the trend doesn't stay between the lines its a fail rather keep an eye more closely on the fibs inner and outer circle that are shaded.

Also remember that in May 2104 the price recovered significantly but still turned and kept the overall downtrend which is what this chart is trying to represent.
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Fail ;p + it isn't even in logscale....
+1 Reply
Henri Maddie
It's not necessary here and the trend is still intact.
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Also, that trendline has already been broken on Huobi.
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snapshot
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