Brainlet here. What does it mean when the meme triangle converges

>>3510862

We either bounce to 4K or we crash sub 3k and bounce off JP Morgan's buy orders.

>>3510862

It will probably go up or down

>>3510862
It's not a triangle, the two black lines build a falling wedge which should be seen as an trend reversal and you have support nearby so chances are good that it will strong reverse at support anon

depends what JP Morgan decide to buy or sell

>>3510862
Also in greater scale 4/5/6hr chart this is a big bullflag, looks extremely bullish on every timeframe

>>3510862

It doesn't mean anything. It's voodoo.

>>3510885
I'd give it a 75% chance of reversing once it touches 3.5k.
It's not a huge amount of bias towards to buy side in the wedge and it's also not sitting in the perfect position of the chart or I'd give it a stronger chance.

>>3510862
Charting is the astrology of trading. Don't fall for it

>>3510862
we will see it in 20 minutes, if it goes below 3500 - it will crash to 2000$ after, or its just a weekend dip

>>3510947
I'm pretty sure it will fall below 3.5k, because the lower end of the flag is below but it should bounce somewhere nearby like 460-475, I don't have the exact numbers in my head atm, otherwise 3500 is a psychological number but I'm not afraid if it falls below, just shorting when the flag is broken on the downside

>>3510862
it means a breakout is "imminent" and the next candle will likely indicate the trend path, however, signals can be wrong which means everything is astrology

3500 is kill

ok, we are fucked now

File: 1505636067760.png (468KB, 800x795px) Image search: [Google]

468KB, 800x795px

IM COMING FOR YOU ANON, IM COMING FOR YOUR COINS

>>3511067
3400 was the last resistance not 3500....

>>3510862
Nothing faggot. It's a support. Up or down, probably up because you'll see an increase in volume from the day traders.

$7 below 3500, it is kill

SELL SELL SELL

>>3510885
More than likely distribution. Hard to tell with such a shitty chart what the trend is.

rresistance stronk time to buy 100k