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RE: FREE TECHNICAL ANALYSIS OF CRYPTOS!! By a 15+ Year Veteran of Elliott Wave Counting & Chart Pattern Recognition!!

in #bitcoin8 years ago

Well done!
Can you now calculate the minimum price target for the ascending right triangle?
Also, take a look at the volume. It should be decreasing from the left side of the triangle towards the apex.

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To calculate the minimum price target you draw a line from the top to the bottom of the start of the trendlines and place it on the top trendline. Correct me if Im wrong.

Also I see the volume has increased in the middle of the triangle, would that be a bad or good sign?

Well done, Elliotician!