BTC Bitcoin --- Ascending triangle spotted, fib levels respected
Noticing a new pattern being formed in the shape of an ascending triangle. I have went long on the 0.5 fib bounce.
We also notice a compression on the MACD.
My stop loss is now 3800.
A re-test of 4.3k is at a probability of 56%
We also notice a compression on the MACD.
My stop loss is now 3800.
A re-test of 4.3k is at a probability of 56%
Note
Bounce on the lower support of the ascending triangle...compression is nearing...
Note
Compression looks like it wants to resolve to the downside.
We need to see a major step up of the bulls or else this next order block will be in danger of being penetrated.
Transaction en cours
Note
Took half off here from my position.
Looks like the price NEVER left the triangle so the bearish scenario was thrown out the window. This is why my SL was at the bottom end of the order block in case there was going to be a fake out wick before the pump.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.