good day
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sorry, broken link
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@favio fast trends can not be sustainable so they break more often. In average most people seek to go back to average.
(yet long term average is much lower than short term average.
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(another false breakdown wedge like 2 days ago :-O?
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(no trading advice for now. im personally just long term short, since near 5000)
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maybe this is a descending triangle. this is typically considered as a more moderate / stable trend fighting againt a specific psychological price barrier (horizontal line) and eventually winning. Im still relaxing though and maybe just sell later.
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still waiting. guess it should turn soon and before 4100 ( 78,6% retracement since 4380 ) to avoid inducing any false ath mania/bull trap too soon again which could be followed by shakeout alarm. i mean long squeeze and short squeeze potentially happening in the same day, like march 10, depending news to come.
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cointelegraph.com/ne...-introduced-official last time the FUD about china ended in april (2014) so it actually neither started nor ended the bubble, just maybe accelerated the trend it took anyways.
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i meant this one actually: www.coindesk.com/chi...oc-wont-ban-bitcoin/ - - and the previous bitcoin low took until january 2015 , below $200
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bulls remember parbolic growth and S curves rarely came to stay ( old post:
)
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time to short . if this is true it wont get any much better.
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comparing to previous time ranges:
www.tradingview.com/x/77WOzSPN/I tend to summarize / squeeze the future time range a bid while drawing and since tradingview doesnt always seem to let me add unlimited future white space.