Poll: Triangle break up or down?

[DPoS]

whale bots are keeping price stable and in tighter range

[1714764390]

1714764390

[1714764390]

1714764390

[1714764390]

1714764390

[zby]

Looks like on huobi it is below the line - but on stamp, gox, btc-e it bounced from the bottom line. According to the theory the triangle should break in the direction of previous trend - and that is up.

[MAbtc]

Looks like on huobi it is below the line - but on stamp, gox, btc-e it bounced from the bottom line. According to the theory the triangle should break in the direction of previous trend - and that is up.

More often, says old wisdom, yes, but they mark trend reversals as well. And that is really in the realm of symmetrical triangles. The formations on Gox and Stamp are markedly closer to descending triangles, which have a bearish bias.

[Milotyc]

Breaking down on all atm.

[HeliKopterBen]

Update:  Sell signal or false breakout?  Many traders like to wait for a complete bar below the lower trendline to comfirm.

[proudhon]

Update:  Sell signal or false breakout?  Many traders like to wait for a complete bar below the lower trendline to comfirm.

Nice clear lines, thanks.  Very powerful SHOTRING signal there.

[MatTheCat]

whale bots are keeping price stable and in tighter range

Yep, market is being determined by bots right now......go try trading on Bitstamp for example, even jumping on obvious high volume bid wall barrier, you will be lucky to come away with $20 from a $20K investment. The minute you try to sell at a certain price, you will be instantly underbid by 1 cent, pull your sell bid, and the bot underbid immediately disappears.

FK dat shit, leave the whales to play with their bots passing their own coins between their own accounts.