yghaderi
Long

end of triple zigzag!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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4
end of triple zigzag!

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more of a descending triangle which is more likely to break down, the tether manipulation has caused charts on bitfinex to almost look like theyve had a false seizure but we could well fall back into the triangle and breakdown. Nothings for certain and weve seen fake breakouts multiple times in the last couple of months.
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yghaderi Movali123
@Movali123, I think sales have reached saturation. Also, these prices are very low of the psychology perspective.
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yghaderi Movali123
@Movali123, My English is not very good. I hope that I will transfer my opinion.
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sorry! meant descending triangle*
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isn't ascending triangle a continuation pattern therefore BTC should break below support? just asking?
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@horka, It is pattern that plays out about 70% of the time, but we broke up out of it. I don't really like that triangle myself anyways. But it is all perspective
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@horka, I think that these patterns are formed after a motivated wave.
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