Popular Post Eric123 Posted January 24, 2019 Popular Post Share Posted January 24, 2019 Is this the Mother of All Pennants, or am I just being silly!? Thoughts. x5977, 2ndtimearound, VegitaXRP and 8 others 3 1 7 Link to comment Share on other sites More sharing options...
VegitaXRP Posted January 24, 2019 Share Posted January 24, 2019 More lines on a chart. Everyone with access to YouTube, which is basically everyone, is drawing lines on a chart trying to figure out where the price of btc is going. So maybe we go up? Or maybe we continue to $2,400 by late Feb? Then what? Might as well go back to your magic 8 ball. LOL. TheXRPNinja, Moonraker, liuyun and 3 others 4 2 Link to comment Share on other sites More sharing options...
ObeyTheWafflehouse Posted January 24, 2019 Share Posted January 24, 2019 4 hours ago, Eric123 said: Mother of All Pennants Use a log scale on a weekly chart Pablo and liuyun 2 Link to comment Share on other sites More sharing options...
djdhrubs Posted January 24, 2019 Share Posted January 24, 2019 4 hours ago, Eric123 said: Is this the Mother of All Pennants, or am I just being silly!? Thoughts. Not an expert by any means but it doesn’t look right to me. The touches on the upper and lower boundaries of the pennant are too random. There’s that initial touch on the bottom end ages ago. Then no touches at all at either the upper and lower boundaries until just recently. So what I mean is that the touches are not evenly spread out for it to qualify as a proper wedge. VegitaXRP, mihaisyblu, DavyJones and 4 others 6 1 Link to comment Share on other sites More sharing options...
Eric123 Posted January 24, 2019 Author Share Posted January 24, 2019 6 minutes ago, djdhrubs said: but it doesn’t look right to me Doesn't really look right to me either. VegitaXRP, djdhrubs and liuyun 2 1 Link to comment Share on other sites More sharing options...
GoldenGoose Posted January 24, 2019 Share Posted January 24, 2019 It doesn't say "Roll Tide" or "Alabama" and cannot, by definition, be epic. Eric123, MtnFarmer, LittleLordFauntleroy and 1 other 2 2 Link to comment Share on other sites More sharing options...
Trendkill Posted January 25, 2019 Share Posted January 25, 2019 6 hours ago, GoldenGoose said: It doesn't say "Roll Tide" or "Alabama" and cannot, by definition, be epic. That 44 - 16 loss they took to Clemson was definitely epic. Sorry...had to. Panamag8or, GoldenGoose, liuyun and 1 other 3 1 Link to comment Share on other sites More sharing options...
djdhrubs Posted January 25, 2019 Share Posted January 25, 2019 6 hours ago, Eric123 said: Doesn't really look right to me either. Ok one right back at you. Do you think either of these look like a bullish falling wedge? I’ve drawn them differently with the lines touching the candle bodies vs wicks. If this actually plays out we could have a big breakout in a few days to couple of weeks. liuyun and Eric123 2 Link to comment Share on other sites More sharing options...
Milly238 Posted January 25, 2019 Share Posted January 25, 2019 What does this mean, good or bad? Thanks Link to comment Share on other sites More sharing options...
djdhrubs Posted January 25, 2019 Share Posted January 25, 2019 3 minutes ago, Milly238 said: What does this mean, good or bad? Thanks If you’re referring to my post...good. Really good! Falling wedges break out to the upside. Milly238 and liuyun 2 Link to comment Share on other sites More sharing options...
Milly238 Posted January 25, 2019 Share Posted January 25, 2019 6 minutes ago, djdhrubs said: If you’re referring to my post...good. Really good! Falling wedges break out to the upside. Thanks, we’ll i guess we will have to see what happens. I am hesitant we are ready to the bulls to move in, still seems bearish! Could definitely change on a dime though djdhrubs 1 Link to comment Share on other sites More sharing options...
GoldenGoose Posted January 25, 2019 Share Posted January 25, 2019 2 hours ago, Trendkill said: That 44 - 16 loss they took to Clemson was definitely epic. Sorry...had to. Touché! Clemson came to play that night. Link to comment Share on other sites More sharing options...
2ndtimearound Posted January 25, 2019 Share Posted January 25, 2019 2 hours ago, djdhrubs said: If you’re referring to my post...good. Really good! Falling wedges break out to the upside. As with all TA, this prediction must be appended with "unless they don't". Dumpster-Fire-Greg, liuyun, cryptoxrp and 1 other 1 3 Link to comment Share on other sites More sharing options...
djdhrubs Posted January 25, 2019 Share Posted January 25, 2019 50 minutes ago, 2ndtimearound said: As with all TA, this prediction must be appended with "unless they don't". True. I’ve been told by people more knowledgeable than me that wedges often don’t play out in a bear market. Plus we are tied to bitcoin which isn’t really forming a wedge. In my own limited experience, every time I’ve ever played/ traded a wedge that I’ve been sure of, it’s worked out beautifully, whether that’s shorting or going long. Done it about 5 or 6 times on shorter time frames. It’s said to give an 80% probability of going the way it should. For me, it’s been 100%. In this case, I’m not actually certain it’s a valid wedge by Elliott Wave criteria, so there’s that doubt in my mind. Probably a more detailed response that you were looking for, but there you go! liuyun 1 Link to comment Share on other sites More sharing options...
djdhrubs Posted January 25, 2019 Share Posted January 25, 2019 This is what I’m hoping is happening. Cesar1810, BruceWhale and liuyun 3 Link to comment Share on other sites More sharing options...
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