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RE: Bitcoin (BTC) Morning Update: Upper Resistance Line Reclaimed, Impulse Waves Up...What Could Go Wrong?

in #bitcoin7 years ago
  • I'm saying 4K overhere, not 1 or 2K
  • Yes, I did mean the C, you're right about that
  • Where and why do I need a Triangle for?

Quote: ".....a bottom that is tested multiple times is a support,..."
Yep, and since the bottom of $ 5.900,-- hasn't been tested, we can't call that a support (yet)

Quote: ".....a bottom that is not is usually a bull wick (in a bull market).

  • Well, this is not a bull market, it's a bearish one.

Quote: "......first in octobre"

  • October is the beginning of the cycle and has "nothing" to do with it. We're talking about the end of the cycle.

Just take a look at the chart of Amazon back in the early days:
https://myalbum.com/album/kWMWIOFCzJiV

Queste similar if you ask me