Another way to look at 2013-2015 bear compared to today... Hmmm... Never know
But IF YES... expect a PAINFUL plunge before any reversal, similar to the chart shown (based on this chart, should go to 5,400)
Wanchain has been on a steady decline since the 2nd of May high after its listing on Huobi. After Bitcoin's last little dump (from 8.8k to 8.3k), prices have gone down and are "dangerously" approaching our end of the triangle.
Chart is self-explanatory, though: 1hr chart shows a bullish divergence in our Chaikin Oscillator, Momentum and RSI. Chaikin and...
WHAT WHAT WHAT?
I think a few people are starting to see the moon from the stars.
The Chaikin Oscillator is an indicator for the ADL/CMF.
USE IT! Chaikin is rolling in his grave right now and you did it.
get taught, fool:
IT MEASURES MOMENTUM @@ 3 TIMES SEPARATED FROM THE MOTHERF***ING PRICE!
Yo, that's a nice final form for a charting tool don't ya think?
Go on,...
History doesn't predict the future, but it may affect probabilities. I wanted to point out a pattern that is visible on the Chaikin oscillator in relation to price action. If we go back in time and look at the times the Chaikin has dropped down to -10000 or below, it has marked a low that hasn't been traded afterwards, that is a higher low. One exception, on the...
