May have drawn the top trend line a bit wrong. However, when I drew the line, I was averaging in other trend lines that I forgot to add and would have muddled up the message.
The IDEA was that we are still heading toward the pointed end of the triangle.. and that the explosive escape from the triangle was still contained. Which has played out just as I thought.
It just goes to show.. all those people yelling TO THE MOON... were premature. Lesson? Be careful of anyone shouting Bitcoin to the moon when the TA is early.
TA is about PROBABILITY. But it is only HALF the equation for how price will really move.
May have drawn the top trend line a bit wrong. However, when I drew the line, I was averaging in other trend lines that I forgot to add and would have muddled up the message.
The IDEA was that we are still heading toward the pointed end of the triangle.. and that the explosive escape from the triangle was still contained. Which has played out just as I thought.
It just goes to show.. all those people yelling TO THE MOON... were premature. Lesson? Be careful of anyone shouting Bitcoin to the moon when the TA is early.
TA is about PROBABILITY. But it is only HALF the equation for how price will really move.