BitcoinLong
BTC, from a descending triangle to a rounding bottom
Updated
Last time I published it was about an almost perfect descending triangle in btc just waiting for a big selloff to takes down. Right now,m things have changed, most of the descending trendlines have been broken and btc is hanging from the last one like you can see in the next chart.
Those diagonals coming from above are from all major trendlines, all broken as of now.
RN we are in a very different situation, all these flattening of the tops and the support making higher lows, just make me think of a rounding bottom, a very good reliable formation. If we don't go bellow the last descending trendline this week, it's a very good confirmation to go long. For full confirmation, we would need much more volume. Lets see how it goes!
Also take in account the timing, its almost christmas and people tend to spend/invest much more money, plus great news we've been seeing lately.
UPDATE on stuff I'm doing: I'm building a platform for education and publishing trading stuff. That's what is keeping me busy, more news next month when the platform reaches its alpha version. While this happens, I'll be publishing some thoughts here.
Cheers! :D
Those diagonals coming from above are from all major trendlines, all broken as of now.
RN we are in a very different situation, all these flattening of the tops and the support making higher lows, just make me think of a rounding bottom, a very good reliable formation. If we don't go bellow the last descending trendline this week, it's a very good confirmation to go long. For full confirmation, we would need much more volume. Lets see how it goes!
Also take in account the timing, its almost christmas and people tend to spend/invest much more money, plus great news we've been seeing lately.
UPDATE on stuff I'm doing: I'm building a platform for education and publishing trading stuff. That's what is keeping me busy, more news next month when the platform reaches its alpha version. While this happens, I'll be publishing some thoughts here.
Cheers! :D
Trade active
Just a little update. BTC still being rejected from the upper trendline. 
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