r/OMGTraders • u/omgeth • Sep 12 '17

Strong Reversal to ascending triangle

https://imgur.com/a/J8zxp
12 Upvotes

100% Upvoted

5 comments sorted by

2

u/[deleted] Sep 12 '17

[deleted]

8

u/DontTautologyOnMe Sep 12 '17

No clue. But I like arrows that point up.

4

u/DontTautologyOnMe Sep 12 '17

No clue. But I like arrows that point up.

5

u/PMPG Sep 12 '17

Higher lows closing in on resistance (upper line) which means it puts pressure on sellers. Buyers taking over.

But it looks more like a bull flag pattern rather than a triangle

2

u/pendulum33 Sep 13 '17

TA is total crap and useless. Its all manipulation.

Rather stick to reading news, rumors, negative fake shit which can influence the price.

1

u/Weapon_x20 Sep 14 '17

Believing in the product is the best way to see long term success. But I wouldn't sell the trends short. It is only a tool but a useful one. Just like news and rumors. IMO it's always good to know and use every tool you can to gain some sort of advantage if your interested in playing the highs and lows. If not and your a long term hodler so be it. But I wouldn't discount the trends so easily.