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LeMogwai

Bulls are winning

Long
Bitcoin / Dollar (MTGOX:BTCUSD)  
LeMogwai 16 months ago
11
731
retest of 550 area then go to 700
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mxlian agreed with this chart, 2013-11-20 16:42:42.578368
accurated :)
pandaspirit 2013-11-21 03:01:23.485556
nice :)
ovidiucs 2013-11-21 14:35:17.109400
Excelent chart, only one question: where did the blue trend line came up from? It predicts the future so well...
LeMogwai 2013-11-21 14:41:09.850931
i tried to make it parallel to the bottom area, then i thought that it would be nice if all my lines (yellow and blue) crossed on the same point. I also estimated the speed and the depth of the fall.
You can see that the angle is near from the symetrice of the downtrend yellow line (the upper one of the triangle).

For my next chart i moved the blue to support the next par of the uptrend.