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Topic: To all your TA experts out there... - page 2. (Read 1760 times)

newbie
Activity: 56
Merit: 0
May 09, 2013, 04:35:02 PM
#6
Looks like a triangle/wedge thing with the price the past week, right?

Doesn't that mean the price is supposed to start soaring up soon?

I'm not going to waste my time editing a chart with MS Paint lines drawn over it. It's obvious to see.

No.

No.

No.

No.













no
member
Activity: 111
Merit: 10
Possibilities are limitless
May 09, 2013, 04:30:55 PM
#5
It isn't a wedge, it's a triangle, and based on the shape of it I think the market is going to go down to ~100, however there is a small chance of high upside to ~125.. basing these numbers on market depth as well... so placing orders on both ends would be the smart thing to do, however you should not be basing your conclusions on a single indicator either.
hero member
Activity: 546
Merit: 500
May 09, 2013, 04:17:57 PM
#4
So you are wasting our time instead?

No, I don't need a picture, if others do they can post one.

I just want to know if it is going up or not.
legendary
Activity: 1400
Merit: 1005
May 09, 2013, 04:14:08 PM
#3
The triangle/wedge isn't consolidating upward though (which would indicate a breakout upwards).  It is consolidating to the middle, which means it could break out either direction.

However, with the Gyft + Humble Bundle news, I think it'll break out upward.  Just a general optimistic feeling about BTC today.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
May 09, 2013, 04:12:42 PM
#2
So you are wasting our time instead?
hero member
Activity: 546
Merit: 500
May 09, 2013, 03:45:53 PM
#1
Looks like a triangle/wedge thing with the price the past week, right?

Doesn't that mean the price is supposed to start soaring up soon?

I'm not going to waste my time editing a chart with MS Paint lines drawn over it. It's obvious to see.
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