Browse Stacks: Patterns: Wedges: slopechart_$BTC.jpg

slopechart_$BTC.jpg

Bitcoin breaks above the Hull 200 day and worked its way back into a 5 year old channel. 

Disclaimer: No position currently and absolutely neutral on whether this thing is a viable currency or not. Some slopers who have left us for a better place recently have inspired a lot of comments and revisiting of trading ideas they have left behind. With all of that going on, I suddenly realized that in the last 2 years my best trades have been in this crazy thing. Probably because I do not care what anyone's opinion is about it, nor do I have any idea about whether it will be here in 10 years or not. That left me with a chart, and no evil angels whispering in my ear with 'ifs, ands, or buts'. I also just like watching this unfold on a chart. I find it interesting it made it back into the channel.

Image added via SlopeCharts
slopechart_$BTC.jpg

Comments

MyopiaMyopia
What dan you do with it, besides get into all sorts of trouble by owning it? A TESLA car is at least usable. Guns? Sheeh. A cellphone? Sure. Expensive. But a $30,000 coin mainly used by criminals? 4/29/20
MyopiaMyopia
“Can”, not “dan”. Although there’s a “Dan” probably involved. 4/29/20
MyopiaMyopia
And I see a double, and lower, top! Which is a sell signal. It’s how you interpret it. 4/29/20
Option SeekerOption Seeker
The criminals who have destroyed 98% of the purchasing power of the pre-Fed 1913 gold backed dollar don't want any competition. 4/30/20
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