just my 2 satoshi's worth
The descending triangle is the opposite of the ascending triangle in that it gives a bearish signal to chartists, suggesting that the price will trend downward upon completion of the pattern. The descending triangle is constructed with a flat support line and a downward-sloping resistance line.
Similar to the...
If Bitcoin carries on its recent orm then expect 7000 to be breached before the fork on 25th October.
I am expecting a sell off after the fork and this money should be put back into the alt coins to make another profit opportunity in the Alt coin markets as they have taken a beating over the last few days.
Ultimately its my long term opinion that BTC will be...
Positive news. i note there is an extra 4 bn in the crypto verse today and it seems to have pushed btc thru the 5000 mark.
Looking at ETH on the 4 hour candles and with the possibilty over the coming days i think some of this new cash will head into ETH therefore we can expect a breakout north of this triangle.
Also THE IBF is happening today in Russia. This...
On the 4 hour chart there looks like there is a Descending Triangle appearing. Which should infer a 8-9% increase in price over the coming days.
like a dope i published this as a private idea. Is there a way i can republish a private idea as public one?
What do you think?