My all time rising trend line in dark blue has been my baseline for where price should be... Add my rising trend line from the 12th and this creates a rising wedge suggesting a bearish reversal is imminent.
But since the manipulation back the 12th, we have been building a giant bull flag in light blue. (Bull Flag) suggesting a breakout any day now.
Also on average, every 2-3 days we see a large pump (green candles) and we are about 1 day past from when one should hav been posted (not that this is TA, just an observation if you go back and count the days in between the pumps.
Also, we are above the 100MA indicating that IF we can remain above it, we should also be moving into the $9500 range some time soon.
If this were NASDAQ or some other typical trading arena, everyone would say I was crazy to go long here. But since this is bitcoin, and patterns almost never play out like they should, other than the bubble popping pattern, I'm going long because I see us slowly climbing back to life. I don't think we will see $7k-$8k bitcoins again.
But I've been wrong before so don't trust me. :-)
But since the manipulation back the 12th, we have been building a giant bull flag in light blue. (Bull Flag) suggesting a breakout any day now.
Also on average, every 2-3 days we see a large pump (green candles) and we are about 1 day past from when one should hav been posted (not that this is TA, just an observation if you go back and count the days in between the pumps.
Also, we are above the 100MA indicating that IF we can remain above it, we should also be moving into the $9500 range some time soon.
If this were NASDAQ or some other typical trading arena, everyone would say I was crazy to go long here. But since this is bitcoin, and patterns almost never play out like they should, other than the bubble popping pattern, I'm going long because I see us slowly climbing back to life. I don't think we will see $7k-$8k bitcoins again.
But I've been wrong before so don't trust me. :-)
Komen:
I sold at the bottom of my trendline... didn't take a huge hit...
