Author Topic: Bitshares price discussion  (Read 887354 times)

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Offline werneo

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could it be a flag formation after a W ?

I don't think it's a flag because it's traveling in the same direction as the overall downtrend. A true flag pattern would travel in the opposite direction of the larger trend. http://www.investopedia.com/university/charts/charts6.asp

please see the weekly chart! https://cryptrader.com/charts/poloniex/bts/btc
and then answer to my same question: "could it be a flag formation after a W ?"

I clearly see a flag pattern traveling on the opposite uptrend direction! (MACD)



I see what you mean! Yeah, could be.


Offline werneo

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So did we break it yet? ;)

yup.



one note of caution is that buy orders on poloniex have declined to around 300 btc this morning.  That suggests that in the past 12 hours around 100 btc have been withdrawn from the bids and used to buy up the asks. We need more buy pressure to keep this rally going, otherwise some whale is going to take profits and the downtrend might resume.
« Last Edit: October 09, 2015, 06:25:41 pm by werneo »

Offline nomoreheroes7

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When this baby breaks 2300......your're gonna see some serious shit.

 8)

Offline Ander

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So did we break it yet? ;)
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Offline liondani

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it could be even a "handle" formation of a nice "cap" ....

Offline liondani

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could it be a flag formation after a W ?

I don't think it's a flag because it's traveling in the same direction as the overall downtrend. A true flag pattern would travel in the opposite direction of the larger trend. http://www.investopedia.com/university/charts/charts6.asp

please see the weekly chart! https://cryptrader.com/charts/poloniex/bts/btc
and then answer to my same question: "could it be a flag formation after a W ?"

I clearly see a flag pattern traveling on the opposite uptrend direction! (MACD)





Offline mint chocolate chip

Excuse me, what direction are we heading and will we see 0.01 USD this year?

Offline Blazin8888

Excuse me, what direction are we heading and will we see 0.01 USD this year?

Offline jsidhu

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Offline puppies

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I see a lion cub, or maybe a little baby calf.  Except for the shadow on the lower right part of the cloud.  I see a wolf or a doggie there. 

The good news is none of these things is a bear, and one of them could potentially grow into a bull
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Offline bitmeat

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I see a bear strangled by a bull.

Offline Ander

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I see a bear in that cloud.

You saying its going down? :P
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Offline liondani

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It remembers me the time when I was a child and I was staring the clouds with friends...
We never saw the damn same thing  :P


Offline Blazin8888