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RE: Bitcoin (BTC) Morning Update: More Detailed Explanation of Triangle vs Bear Flag

in #bitcoin6 years ago

Video didn't work. Thanks for the update, Haejin. Good analysis as usual! I also get tired of people who expect you to predict the future. Thanks for showing multiple price pathways. Things like that are necessary to keep the trolls at bay.

Cheers, brother.

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No reason to get excited, here's the Gann Fan and the Fibonacci to show that we might be in for another dip to 11500 (0.5 Fib), but we had that - and overall, the grey Gann field should be our trading channel.
Bugger off, FUD ! Hodl on, what else. The chickens who fled will eventually be back...
range.png

Hello Everyone! I am trying to figure out if this figure has just formed a cup and a handle or is it forming a triangle. Your insight is highly appreciated! Thank you so much!

Screen Shot 2018-01-12 at 5.21.29 PM.png

It may have been a cup and handle for three months, then failed likely because
doge shot up - would be interesting to see if it succeeded against fiat.
I would now treat it as a triangle that should break out soon, but that's hard to say at this scale.