some_guy

From the making-predictions-about-squiggly-lines dept: It's unconfirmed. But these shapes are explosive when they are right. Want to make money? Sell the breakout. Then buy back again after confirmation. OR, go no-risk at all, wait to buy till it breaks and confirms. But you'll miss the gigantic %s that are sometimes to be had if wedge breakout happens. ...

In my experience, charts have a strong attraction to moving towards multiple pattern convergence areas. Why? Because they're zones where a lot of emotion is triggered, aka lots of people will be involved. Market makers need to get you involved. That's why things drop just below your favorite area of the chart, get you emotionally triggered, and _then_ reverse. ...

I think this breakout is gorgeous. That's all really.

Title says it all really. Perhaps POS (Proof of stake) coins are having their year. See Also: PIVX.

Today will confirm or deny a "bull flag" descending wedge breakout that has been forming for the last month. You can also see how PIVX has not returned to bottom of a six-month regression channel and is instead hovering in the middle.

Pan and zoom around, thats my view on the dix.

Chart says it all. Just an interesting view on whats going on that you might have forgotten you can pull up.

I have so consistently been wrong about not where, but When this is headed....but these channels keep demonstrating their efficacy. Perhaps it's useful to somebody out there! And thank you for sharing all your useful ideas as well.

These old trendlines are important pivot points , and the far-far out perspective is needed to help calculate longer-term trend. A wedge began taking shape in 1998, to find it's bottom support in 1999. It consolidated inside this shape until 2008 when it fell below support, only to reverse and spend three years on a rally, into 2015. A year of southward correction...

Well just look. No predictions, just observing what is.

Good places to look for new short entries / exit previous ones if higher lows are established

The chart says it all, in pretty colors and squiggles. I'm buying in layers for a longer long, taking profits here and there on the rips. If it heads down, I'll reverse and layer in the sells. Works for me !

Stuff

Who knows. Popcorn in hand.

Stuff