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e_damas
6 Th02 2018 03:48

Triangles for Projection  

Bitcoin / DollarBitfinex

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How bitcoin x USD will solve those labyrinths?
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JadeDD

Yes, your chart is a real labyrinths, haha.
Can you give more explanation please
e_damas
@JadeDD, Each green line is a resistance that somehow needs to be 'solved' by BTC's price fluctiation. Usually those lines form an angle (triangles), and it can go up or down after breaking the line.
As we can see, BTC didn't get bearish, but followed the resistance line formed by 2017/12/30 and 2018/01/17.
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