BITSTAMP:BTCUSD   Bitcoin / Dollar
Key Trend Lines

A couple interesting trend lines for you guys to watch out for.

The white arrow is representing a 40% increase in 20 days.
I do see a sharp move like this coming, once the current triangle is broken.

Kommentarer

You draw trendlines through the middle of the price action?
+1 Svara
are you suggesting that trendlines become irrelevant when they get broken once?
Svara
MoonTrader MagnusTradingGroup
Yes. For one, that wasn't even a trendline before it crossed through the price action. It was above the candles before. What makes you think lines drawn over the tops of candles can act as support later?
Svara
MoonTrader MoonTrader
Why not use a trendline that's been under the price the whole time?
+1 Svara
expirience. Isn't it obvious that price is reacting to these trendlines (or call it what you want) rightnow. you are probably thinking about classic trendlines that are drawn from low to low or high to high only. what I'm doing is obviously a bit different which doesn't make it wrong as there is no right or wrong. if it makes you money it's right.
+1 Svara
It's do or die now.
Svara
no bro, we broke all the trendlines already ... I sold and my target is 300 - 280 :)
Svara
Which triangular do you mean?
Svara
MagnusTradingGroup BTC_Daily.Pips
+1 Svara
Are you bullish or bearish here?
Svara
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