ATMcharts
Long

Outside day at key support

BITSTAMP:BTCUSD   Bitcoin / Dollar
214 17 3
This 560 area has been meaningful support for weeks and weeks. Gold             is down while the DOW is down 200. Is this the new flight to safety?

600ish is the first resistance.
I don't know if you saw my question. I was wondering why the upper boundary of the channel on your log chart is so high above the peak price?
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ChartArt MoonTrader
Her channel (not my channel) seems to be based on the bubble in Spring 2013:

parallel channel | target: 4000+
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MoonTrader ChartArt
I know, but if you read her description, it says she didn't mean to draw it that way. The upper boundary is supposed to be drawn at the peak.
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ChartArt MoonTrader
You are right. I forgot that she said that TradingView messed up her chart in the preview.
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We are in the same support area, but we have a larger downtrend against us this time, compared to the last two times when it stopped there. I expect the price will fall down more.
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ATMcharts ChartArt
We can argue about direction all day. Undoubtedly the risk reward favors the bulls here and now.
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ChartArt ATMcharts
I just made a chart based on this
parallel channel | target: 4000+
and I disagree:

snapshot
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ATMcharts ChartArt
what's your point?
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ChartArt ATMcharts
My point is to warn you to not go long.
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MoonTrader ChartArt
Why is the upper boundary of your channel? so far above the peak?
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