My problem is that you so arbitrarily pivot the bottom of the triangle against the $339 low. Why not line it up with the other lows and make a bullish descending wedge?
Cedricb
⋅
funny to read this thread 4 years later :]]]]]
MoonTrader
⋅
Why not a descending wedge?
isma.topius
⋅
You can draw a bearish triangle from 12/2013 - 04/2014, from 04/2013 - 07/2013, both times price broke upwards
ChartArt
⋅
And both times the Bitcoin price was MUCH lower than today. People always ignore that is makes a difference if you trade something worth 3 Dollar, 30 Dollar, or 300 Dollar. Between 3 Dollar to 30 Dollar it looks more like play money. With 3 Dollar it's easy to hold 1 BTC. At 300 Dollar it's a serious investment. You could live for days/weeks from 300 Dollar. Or you can simply buy 1 BTC for the same amount of money.
ChartArt
⋅
And no... no one want's to hold 0.014835 BTC. People want to hold at least 1 BTC.
Maddie
⋅
if 0,014 BTC is about 300 dollar everyone want to hold it as an real investment. in a view years they would say. wow mann do you really own one BTC wow, such a big investment ;p
PWRHLDINV
⋅
As a long hodler... I will know we have truly made it to the moon when people say... "Yeah... I got a couple hundred bits in the bank." They will be too poor to own 1 whole bitcoin. IMHO :-)
Maddie
⋅
okidokie ;p
MoonTrader
⋅
I think this round numbers thing is just a superstition. People are not all little children. If the entire BTC idea is going to work out, people will have to get used to decimals.