No pattern is certain. Tight stop-loss recommended if you're trading in this confusing environment.
All the best.
-SJ
Kommentar:
Right after the slump downwards from this pattern, BTC has begun a symmetrical triangle.
A continuation pattern, but for what trend?
I would assume bearish, since that's the short term trend, and it's a short term pennant.
but the buying volume is spiking higher than the selling volume as the triangle progresses...
leaving me to believe that there's a possibility of a bullish break. Also, the 1 day candle just came in as a perfect Doji. Reversal signal.
I'm scaling in on the dips. Stop-losses tight.
If there's an upside to this, I'd like to be around for it.
But mixed signals make me reluctant to risk too much capital.
Happy Trading.
-SJ
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Right after the slump downwards from this pattern, BTC has begun a symmetrical triangle.
A continuation pattern, but for what trend?
I would assume bearish, since that's the short term trend, and it's a short term pennant.
but the buying volume is spiking higher than the selling volume as the triangle progresses...
leaving me to believe that there's a possibility of a bullish break. Also, the 1 day candle just came in as a perfect Doji. Reversal signal.
I'm scaling in on the dips. Stop-losses tight.
If there's an upside to this, I'd like to be around for it.
But mixed signals make me reluctant to risk too much capital.
Happy Trading.
-SJ