Topic: End of the Bear Trend - page 7. (Read 11216 times)
Bear season is over. There will not be enough coins for everyone.
For fun heres some extra bullishness, is there an inverse head n shoulders near completion ?
I arrive at similar trendlines. My guess is that we need to cross at least $265 currently, in order to confirm a first breakout attempt out of the bear market. Definitely crossing $315 would be the final confirmation needed to end the bear trend. Of course this is just my opinion and those numbers keep going down every day.
yep some of those lines are very clear. Will be some tough resistance to get past on upper red line but I think we will, possibly after being wedged under it for a while first.
If we can just transform that dotted resistance line into a dotted support line, I'd be a happy camper
But I think it would be safer to just go right through it, in order not to risk another May/June 2014 I arrive at similar trendlines. My guess is that we need to cross at least $265 currently, in order to confirm a first breakout attempt out of the bear market. Definitely crossing $315 would be the final confirmation needed to end the bear trend. Of course this is just my opinion and those numbers keep going down every day.
yep some of those lines are very clear. Will be some tough resistance to get past on upper red line but I think we will, possibly after being wedged under it for a while first.
A graph from the future:
I arrive at similar trendlines. My guess is that we need to cross at least $265 currently, in order to confirm a first breakout attempt out of the bear market. Definitely crossing $315 would be the final confirmation needed to end the bear trend. Of course this is just my opinion and those numbers keep going down every day.
Heres another observation that just occurred to me. Notice how up until Nov last year the spike on the candles were pointing down as weak hands panic sell. Since then they now spike up, as whales accumulate
The bears have had all the fun in the last year but is the end in sight ? At the moment market is awash with pessimism and negativity. Perfect time for a bottom to confound investors.
Chart is showing data from BTC-E exchange, using log price scale.
If bitcoin rallies up to the top of the bullish channel (marked in pruple lines) it will be finally pushing free from the bubble collapse.
Chart is showing data from BTC-E exchange, using log price scale.
If bitcoin rallies up to the top of the bullish channel (marked in pruple lines) it will be finally pushing free from the bubble collapse.
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