VoyForums
[ Show ]
Support VoyForums
[ Shrink ]
VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4 ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 11:44:53 02/04/20 Tue
Author: philbond007
Subject: Bitcoin: daily candle chart (coinbase data)

Posted the chart below about 3 weeks ago, & it looks like the Coinbase price hit $9619.95 before backing off. For now, I'm thinking what's important to note is how the "triangle" BREAKOUT/BREAKDOWN unfolds.

False or busted breakouts are very likely in "triangles", meaning, it wouldn't surprise me to see the price break DOWN out of the "triangle", which would lead many to believe it is a "triangle" BREAKDOWN. This is where it gets interesting, because many of these "trianlge" BREAKDOWNS/BREAKOUTS within days end up moving back INTO the "triangle", then BREAKOUT/BREAKDOWN in the OPPOSITE direction of the initial BREAKOUT/BREAKDOWN.

Point being, be careful if the price has a BREAKDOWN out of the "triangle" shown below, because it could very easily move back in the other direction within days, & leave you chasing higher prices. This goes for a BREAKOUT too, should it occur.



[ Next Thread | Previous Thread | Next Message | Previous Message ]

[ Contact Forum Admin ]

Forum timezone: GMT-5
VF Version: 3.00b, ConfDB:
Before posting please read our privacy policy.
VoyForums(tm) is a Free Service from Voyager Info-Systems.
Copyright © 1998-2019 Voyager Info-Systems. All Rights Reserved.