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RE: Is Bitcoin Overpriced? | Bitcoin TA

in #analysis • 8 years ago

Ok. Thx. Me too.. :D One more note... The currently seen vedge here is a falling one which also traditionally is regarded a bullish pattern. Here's Invesopedia on the subject: https://www.investopedia.com/university/charts/charts7.asp

8 years ago in #analysis by
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       8 years ago 

      Well, now not both lines are falling down. And even if they were, you cannot be 100% sure when will it break and go upwards again. And you have to look at volumes, too. Because these patterns could be created by a whale which draws that as a trap for traders. :)

      That is why in the article, there are always shown 2 possibilities of development.

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         8 years ago 

        This post has received a 5.31 % upvote from @boomerang.

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