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tonz_of_gunz
13. Jul. 2016 15:31

BTCUSD SYMMETRICAL TRIANGLE ON H4 Short

Bitcoin / U.S. dollarBitstamp

Beschreibung

BTCUSD has developed a symmetrical triangle on H4 which can break on both sides but i am only interested in the downside.

Kommentar

BTCUSD made a new triangle before finally going down like i was expecting.

Kommentar

And KABOOM! First target hit!
Kommentare
Spofas
woah woah. you trading bitcoin now? or just charting it?
Spofas
Also, why are you leaning more to the downside?
tonz_of_gunz
I am not trading it, just showing my idea on this because someone asked me what do i think.Mostly because on higher tf looks bearish to me :).
Spofas
so what now?
tonz_of_gunz
Draw the bottom triangle line longer and wait?:).If i wanted to buy i need a strong bullish candle to show me bulls are meaning business with this triangle upside breakout not this little noise...
Spofas
ya that's why i dont like triangles / trendlines that much. im waiting for 12h and/or 1d bband breakout
TheBanker
lovely chart my friend
tonz_of_gunz
Thank you my friend!
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