"MASSIVE Breakout Looming? BTC/USD Price Action Analysis"

Milva

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May 18, 2011
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Title: MASSIVE Breakout Looming? BTC/USD Price Action Analysis

Hey guys, I just re-analyzed the BTC/USD charts and I'm seeing some crazy patterns. The ascending triangle that's been forming on the daily TF might be about to break through, potentially leading to a massive breakout. Anyone else see this or has anyone got some opposing views?
 

ratrejs11

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"Dude, I'm loving the chart setup on this breakout, especially with that nice symmetrical triangle pattern. It's time for BTC to show some strength and break through that resistance level. Fingers crossed we see a nice moonshot soon"
 

anvital

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"Dude, I've been eyeing the Ichimoku chart and I think you're right, the price is getting close to breaking out. The base line is looking pretty steady, so I'm expecting a strong move north. Keeping my fingers crossed it doesn't get pumped into a bear trap tho."
 
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