BTC downtrend running out of steam?

[TERA]

#onedgeofseatwithpopcorn

You're looking at huobi. Drawing a similar line on bitstamp chart



shows the downtrend has been pierced to the upside, which was a point in the article:

What this chart first shows is that the bitcoin market's decline has been contained within similar rails, which re-inforces the point that this really is how markets and price action evolve.

But what is special about this chart is the right hand edge, where we can see that for the first time, the market is trading beyond the upper extreme of descending resistance. 

And this, for us, is a clear indication that the downtrend which has dominated the first half of 2014, is finally running out of steam.

So what are you trying to say?

Actually the difference here is that you are using a linear chart and I am using a log chart.

[molecular]

#onedgeofseatwithpopcorn

You're looking at huobi. Drawing a similar line on bitstamp chart



shows the downtrend has been pierced to the upside, which was a point in the article:

What this chart first shows is that the bitcoin market's decline has been contained within similar rails, which re-inforces the point that this really is how markets and price action evolve.

But what is special about this chart is the right hand edge, where we can see that for the first time, the market is trading beyond the upper extreme of descending resistance. 

And this, for us, is a clear indication that the downtrend which has dominated the first half of 2014, is finally running out of steam.

So what are you trying to say?

Actually the difference here is that you are using a linear chart and I am using a log chart.

Fair enough.