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TOPIC: One from LEft Field

One from LEft Field 01 Jan 2014 17:41 #1

  • AdeMcG
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Firstly,....HAPPY NEW YEAR to one and all ;) , I hope you are enjoying time off from busy life of work with your families.

Ok, so I have been dabbling in BitCoins and LiteCoins

Here is the 30 minute Chart, and the one I drew a couple of trend lines from:





Have a look at this hourly chart.



Here is the 12 hour (I guess daily ?) Chart



So the multimillion dollar question is....what might happen next ?

My take is that all the supports are now nicely below the spot price and that it could be a bull flag pattern playing out ?

So..

option 1 - rise to the level of the pole from the flag ?

Option 2 - drop out of the ascending triangle towards the 200d ma ?

intersting stuff
Last Edit: 01 Jan 2014 17:46 by AdeMcG.
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