You are viewing a single comment's thread from:

RE: Bitcoin (BTC) Morning Update: Bitcoin is about to Break OUT of a Bull Pattern? Which one? Find out in this Analysis!

in #bitcoin8 years ago

I've seen people do it both ways ST...i personally use the solid candle points which makes it hug the lines, but many would tell you to use the tips of the wicks..depends on analyst...either way IMHO you're gonna have the same outcome when the apex is hit...cheers friend

Sort:  

OK shawnster, thanks. I understand that the result is the same but if I bring the top line down to the tops of the bodies (red line) then it appears price has proceeded through the apex with no significant change.
()
If this is the case then why has price not impulsed up? How long (generally) do you wait for price to make a move after breaking through an apex? In this case it has been 7 or so days since price broke the red line apex. Thanks again man, I know there are lots of variables and details so evry tidbit of info helps!

You're right..when i look at it on Kraken's feed it looks better to use the wick tips...this is what i get...so i agree with you it hasn't thrusted yet

https://www.tradingview.com/x/uJhgQnsA/

And of course as you know from reading the book and from haejins teachings , the first sign of a trend reversal would be a nice clean 5 wave impulse up, which i don't see yet..still choppy and corrective...i may be wrong..i don't have my glassed, they got rekt, but if i go to the 5 minute i don't see a clean impulse yet

Cool, thanks. I appreciate you taking the time. Looks like she's about to blow!!
:)

Roger that ST...here's to happy days ...hopefully the alts will hit full swing shortly

Hey brother...now it looks like it's rock n roll time...nice move today...that TA is amazing stuff...hope you have a great holiday friend..best of luck on your investments

Right back at you shawnster! Enjoy the ride!

Hey brother...looks like ICN is doing fairly well....did you see the massive Cup and Handle forming on Bitshares!!!! Haejin hasn't done any analysis on this but it looks like it is forming up well...dude...the blast off this will have is going to be one for the record books man...cheers

Yeah, buying BTS any chance I get! Still a bargain at 40 cents! Cheers