thesean

thesean

Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below...

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Place a stop buy order slightly above the upper trend line of the handle. Order execution only occurs if the price breaks the pattern’s resistance. Traders may experience excess slippage and enter a false breakout using an aggressive entry. Alternatively, wait for the price to close above the upper trend line of the handle, subsequently place a limit order...

thesean

Signalling a pullback is coming. Daily: 8 3 Day: 9 (perfected) Weekly: 9 (perfected) Learn more about TD Indicator www.mysmu.edu

thesean

Plot the triangles height (purple line) Clone it and measure from the point of breakout. Target has been hit! Learn more: www.investopedia.com

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12HR Triangle

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Triangle

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Both traingles indicate bottom in the ~2800 area

thesean

200MA and historical support area around 3000 is a good candidate for a bottom. If we dont get a bounce in this area expect much lower and a potential of a flash crash in the low 1000s

thesean

Broke out of triangle TDI gave short signal CMF trending down MACD histogram treding down

thesean Updated 

ADX is predicting a temporary bottom Will likely retest back to the bottom of the decending triangle/0.618 fib level

thesean Updated 

2014 vs otday

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See circles

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What will you do on that day of reckoning? To whom will you run for help? Where will you leave your riches? 100x Short now for financial freedom! For he the bear god has set a day when he will judge the world with justice by the man he has appointed!

thesean Updated 

What will you do on that day of reckoning? To whom will you run for help? Where will you leave your riches? 100x Short now for financial freedom! For he the bear god has set a day when he will judge the world with justice by the man he has appointed!

thesean

Each consecutive dead cat bounce has been ~14.7% lower than the previous. If history repeats the ultimate top should be around $7270

thesean

This doesn't look good. I don't expect BTC to drop like how silver did but this gives a good visual of what happens when a long term bottom is breached (~$5800 for BTC).

thesean

Entry: 0.0574 Target: 0.0448 - 0.0470 Stop Loss: 0.0637

thesean

Zero support between current price and 128 MA 128MA and previous trend line line up perfectly.