Magnification of DCFreak's Moment of Truth
Updated
Trendlines obsessively drawn at 1h
Based on DCFreak's corrected Moment of Truth chart
All default settings except log scale
Thanks to DCFreak for stripped down, clear analysis I could finally understand.
It's crazy. It could take another two days to reach the intersection. I wonder if the closer it gets, the more equivocal the conclusion? Surely the whales won't make us go sideways for a month. Have mercy, Leviathan.
Based on DCFreak's corrected Moment of Truth chart
All default settings except log scale
Thanks to DCFreak for stripped down, clear analysis I could finally understand.
It's crazy. It could take another two days to reach the intersection. I wonder if the closer it gets, the more equivocal the conclusion? Surely the whales won't make us go sideways for a month. Have mercy, Leviathan.
Note
Holy cow! While I was finalizing the chart, the price reached up to touch the break up line. Let's see what it does from here.Note
I drew the chart because I wanted to see the trendlines more precisely. It's my first chart, too, so that was fun.Note
I found the trendline to be a bit lower than DCFreak's. Here is the live version, which shows the price repeatedly grazing the trendline. tradingview.com/chart/dc2FSB16/
Note
Hmm, I screwed up the original chart on my phone and cannot fix it, so you can't see what I described.Note
Ok, I fixed the chart.
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