What do you guys call this?

ascending triangle.
The sell pressure is weakening but the buy pressure is still pushing on the ceiling, indicating it will likely break upwards in the coming hours.

Inb4 memelines and TA doesnt work

TA only provides an increased chance of making the right call, not a guaranteed result every time which is why you put stop losses on.

...

this desu

>TA logic
Ascending triangle, it's going to shoot way up
>crypto logic
Who knows anything could happen and the Chinese could try their "shutting down everything" trick again god knows it will work every time

all those dicks must be getting to your head user

investopedia.com/terms/a/ascendingtriangle.asp

Breaking out now, looks the goods fingers crossed

kraken went down as i went to close my short
what a fucking joke i'm done with this garbage exchange

$3935 on GDAX

You shorted with the chart looking the way it does? Risky move. It was much more likely to go up than down (maybe like, 65/35). Bad time to take odds on a short without any confirmation of direction.

what do you guys think? it's fighting hard on GDAX and bittrex right now moving upward