ATMcharts
Long

Outside day at key support

BITSTAMP:BTCUSD   Bitcoin / Dollar
213 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.
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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ChartArt MoonTrader
I didn't make that channel. Ask her:

parallel channel | target: 4000+
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MoonTrader ChartArt
It was an accident, the channel wasn't drawn that way, but that's how it looks when you click on the idea. If you look at it from the main page, it's drawn right.
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ATMcharts ChartArt
The EMA's are flat suggesting no trend at all right here. and the channel is at support, which actually supports my case of risk/reward favoring bulls
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ChartArt ATMcharts
When I use shorter EMA periods in the weekly chart we are already fucked:

snapshot
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ATMcharts ChartArt
This hasn't been a trending market, and these MA crossover techniques are useless here
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ChartArt ATMcharts
So useless that they helped me predict the next price move 21 days ago:

Bitcoin is facing a larger correction


3 Bitcoin short targets and a Buddha quote
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ChartArt ATMcharts
I like Bitcoin. Hopefully we go back in the bullish breakout channel, which I drew a week ago, otherwise we are doomed for lower prices:

A possible path of a bullish Bitcoin breakout
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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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