Quote from: mitkos1 on June 03, 2014, 04:39:12 PM

Quote from: gnode on June 03, 2014, 04:27:19 PM

A link to the thread where the image is posted please?

https://bitcointalk.org/index.php?topic=499968.msg7098670#msg7098670

correct, here's an update:

Note that the support is from the fan with the higher slope (the more recent fan). This could indicate that at some point (possibly the point where the two fans collide) the support will overtake the resistance, which would indicate a massive breakout to the upside. That, or it might turn more bearish, which i consider pretty unlikely at this point. I can't see it clearly on the charts, but i'd say they would collide somewhere around July 20th or so. Somewhere around the $1600 mark is where they cross. I'll update once i can see it more clearly. (it's nearly impossible to view upwards in the bitcoinwisdom charts, this makes extrapolating lines a bit hard)