My previous btcusd analysis is still valid. price is moving sideways forming a continuation chart pattern - triangle. check my previous idea in the list below.
Yorum:
as we didn't break the triangle to the downside, no sell trade was taken. Morever, a failed pattern by itself is a signal in opposite direction. In many cases, a failed pattern is even more reliable signal than the pattern itself. Just trade the side the market is on and forget about being right ot wrong. If the breakout is true I will initiate buys, if it turns false (statistically, 50% of breakouts are false) I will initiate sells.
