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RE: Bitcoin rejected at major resistance hurdle, but is the party over already?

in #bitcoin7 years ago

Haha! Gold - “Hae... who should not be named”! 😂

I’m still trying to figure out if those triangles you love are art or science? I have no clue how they work! It has been a pretty promising few days though

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Hey Bec - glad you enjoyed :)

Drawing them? Art. Trading them and the probabilities associated? Science ... it's pretty mundane stuff but you can check out Bulkowski's The Pattern Site ... that guy spent years of his life studying them and writing a book on how reliable/unreliable each is ... ascending triangles are one of the better ones, though the buy signal doesn't occur til the flat top breaks

Oh cool - I’ll take a look. I’m not sure how heavily into them I wanna get, but it’s good to understand the key concepts. Thanks 😊