#Bitcoin Symmetrical Triangle [15m]
Hi everyone,
Thank you for considering reading my idea.
Here we have a simple symmetrical triangle pattern. Usually, this pattern is a continuation pattern. Since we were dumping before we formed this pattern, it is expected to continue its trend to the downside. But now, we're seeing that it broke out of the pattern to the upside. Although, we broke out, the volume is not that convincing. This could be a false break out and dump down to 35.4K. Let's see what would happen in the next few hours.
Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Thank you for considering reading my idea.
Here we have a simple symmetrical triangle pattern. Usually, this pattern is a continuation pattern. Since we were dumping before we formed this pattern, it is expected to continue its trend to the downside. But now, we're seeing that it broke out of the pattern to the upside. Although, we broke out, the volume is not that convincing. This could be a false break out and dump down to 35.4K. Let's see what would happen in the next few hours.
Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Trade fermée: cible de profit atteinte
Target reached to the down side. The rally was indeed a false break out.
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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.