Stamp Triangle Nearing Completion
(As a TA newbie, this is mainly a post for myself)
The triangle has been well documented across TradingView already, however there was a lot of difference of opinion what the most important trendlines were.
Stamp / Houbi has been leading Gox during this phase - meaning we should give more weight to Stamp than we historically would have.
Not going to try and guess the outcome, will wait to see what the chart tells us.
Also, consolidations patterns can result in a larger move in either direction - however the news of late is seems to be favouring the bulls.e.g. news of TigerDirect (which has ~twice annual revenue than Overstock ($2.0 Billion+) near the conclusion of this triangle may give this a bullish bias. eBay, Google rumours have also cropped up in the last 48 hours etc.
The triangle has been well documented across TradingView already, however there was a lot of difference of opinion what the most important trendlines were.
Stamp / Houbi has been leading Gox during this phase - meaning we should give more weight to Stamp than we historically would have.
Not going to try and guess the outcome, will wait to see what the chart tells us.
Also, consolidations patterns can result in a larger move in either direction - however the news of late is seems to be favouring the bulls.e.g. news of TigerDirect (which has ~twice annual revenue than Overstock ($2.0 Billion+) near the conclusion of this triangle may give this a bullish bias. eBay, Google rumours have also cropped up in the last 48 hours etc.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。