Monthly Archives: May 2017

Technical analysis interesting example last few weeks

After hearing a lot of naysayers speak of “shorting bitcoin” since the 1200$ range i decided to take a technical look at the charts, knowing fundamentals have been strong as always.

 

I recognized a symmetrical triangle pattern, something i saw a couple of times in small cap stocks in the market last year, and noticed in btc/altcoins too. I’m posting it here cause it looks like if i drew it perfectly it would be the perfect example of such a pattern!

Currently in no particular order, i followed this pattern i quickly noticed. It’s deceiving to see so many “self proclaimed bitcoin believers/experts” be short on bitcoin, so i’m happy for the rally.

 

 

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