Quote from: exstasie on Today at 09:56:17 PM

Quote from: chunglam on Today at 09:59:46 AM

masterluc May 29 comment : All right, price doesn't respect short term trend line. I see it likes triangles now. Okay. Hit or miss. Resolution is close.

Yep, it's beginning to show the hallmarks of a triangle. Until the D wave is confirmed, $10K and $8.6K are the crucial pivots to break. Coincidentally, that's exactly where the daily upper and lower BBs are, respectively.

Get ready for a very powerful move within the next week or so!

Sentiment is feeling a little too bullish: Bitfinex shorts are dropping and already low, longs are rising, and generally there seems to be strong expectations for breaking $10K. On the other hand you might call it a bullish triangle given that it's a sideways consolidation following a larger uptrend. Furthermore the weekly and monthly uptrends still look quite strong. As I said in my thread I'm pretty neutral, somewhere on the spectrum of 60/40 bullish to 50/50.

At least the breakout range is getting tighter and tighter.

Yeah.. its going to break up all the way to $9,900, and then it will break back down all the way to $8,200, which ends up being a BIG SO WHAT. At least for me. But hey, not like any of this can be rushed unless someone might have an extra $50million lying around to try to prod matters, and that might not even be enough.