Vold316

Bitcoin - Bump & Run Reversal Pattern.

BITSTAMP:BTCUSD   比特币/美元
The price raised significantly from 6k until almost 8k, note that there was a huge pump before the start of the decline. Afterwards the price has been droping consistently even dramatically untill it reached 5.5k. Today the price bounced and it went to previous support line and penetrated it for a while, it may have become resistance which fits with B&R pattern.
评论: Looks like there's unpenetrable resistance between 6.6-6.7k. Time to run. :)
评论: Broke up and hasn't looked back, I guess it wasn't a B & R after all.
评论: Lol it's so funny to look back at it, it run, but in the opposite direction! :D
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Does look like a B&R now!
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Vold316 rudcharts
@rudcharts, :D, who'd have thought that it was going to almost hit 20k!
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@Vold316, I really like all of your work. I am new to TA and enjoying every min. Anything you would recommend on indicators, patterns or just TA in general?
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Vold316 rudcharts
@rudcharts, Thanks, I appreciate it!. Although I'm very new to this as well, and still learning. If you want to learn more I suggest you to google libertylifetrail, it's tone vays's website, there's a section there about TA. Also watch some of his videos, they were eye opening to me.
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So which way you expect the price to go ?
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Vold316 mytechshout
@mytechshout, I think we will see 4k in a few days.
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