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Author Topic: Is this article about a Bull Trap or Bull Crap?  (Read 810 times)
bitplanet (OP)
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May 22, 2014, 03:38:44 PM
 #1

http://www.cryptocoinsnews.com/news/bitcoin-price-breakout-technical-analysis-says-maybe/2014/05/20

What is fueling this climb?
Wandererfromthenorth
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May 22, 2014, 04:53:25 PM
 #2

The guy who wrote the article was saying that we were headed to $300.
his analysis was wrong.

This is just the official trend reversal.
Check my thread for an easy explanation:
https://bitcointalk.org/index.php?topic=618116.0
wasserman99
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May 22, 2014, 05:15:46 PM
 #3

I am curious though, how can you be sure that a breakout of that triangle means trend reversal? I mean there is a technical breakout deffinitely, I can see that. But we also broke out of a bear triangle back around early january and failed to reverse trend there didnt we?

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