Commencez
sdwariz

BTCUSD: Will need to break to the upside or downside soon

Short
Bitcoin (BITSTAMP:BTCUSD)  
sdwariz Mis à jour   
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Chart Patterns Triangle
0
0
supportandresistance chartpattern triangle
We have a symmetrical triangle, and the price of BTC is rapidly approaching the point, so it will need to break upwards or downwards soon. The dotted line is a trendline, and since the price of BTC is currently below that, it serves as a line of resistance. In my opinion, this favors a break to the downside. If we break to the downside, there is always the chance of completion of the H&S formation I outlined in a previous chart, which would be significantly bearish.
Commentaire:
Wow, that didn't take long! The price has broken through both the symmetrical triangle and the resistance line (bears be damned)! If it holds, it may mark an end to our correction....
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.