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cyatophilum
Nov 13, 2018 9:35 PM

Ascending Triangle in 15m BTCUSD AND MORE Long

Bitcoin / DollarBitfinex

Description

First, we can see an ascending triangle being formed in the 15 minutes chart!


Volume is spiking.
RSI is bullish on the daily.


Momentum is reversing.


It had been a long time since we saw more Longs open than Shorts



My most famous Trend Indicator, is also bullish in 3H


Feel free to comment your opinion and thoughts !

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Comment

EDIT : R.I.P.
Comments
AlexKuptsikevich
I try to think about "Short" at BTC - even about collapse on it:

Don't you think so? ))
cyatophilum
@AlexKuptsikevich, We will only know when the 6k support line gets destroyed. If it doesn't, we can stay bullish. BTC fluctuates a lot recently. A lot of movement in price, something is preparing.
detroit313
what a great call with your rocket to the moon, just like 99% people here always bullish looking at charts they way you want it not the technical direction
cyatophilum
@detroit313, Yeah but what do you want we can't delete ideas and we gotta shill our indicators somehow you know however TA is biased with all this leverage trading and market manipulation..
UnknownUnicorn2774089
weird, it went the other way..no one saw it coming
cyatophilum
@LeoKim, I admit my defeat :D
Damn Market manipulation ...
CryptoFido
BTC will go to 6.1k then 5.8k then 5.6k before a real bounce up!
cyatophilum
@CryptoFido, Looking like it's going down yeah.
CryptoJMA


CHRISTMAS 2018 MIGHT NOT BE THE SEASON FOR BITCOIN BULLRUN :(
cyatophilum
@CryptoJMA, Log Chart is fine but it doesn't take account of fundamentals.
Plus you're expecting a pattern to repeat or we can't predict the future..
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