BTC descending triangles with a possible strong upward breakout

If it follows its wave pattern, upward breakout is highly probable. That last bounce off weekly S (red line) is also positive move.

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Ignore the strategy panel :) This is just some crap I forgot I had running on this chart.

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Because all sorts of triangles and sloped lines fail when when markets moves sideways, I added a yellow box to mark the important area. Call it the decision zone, if you like.

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IF you noticed, there is also a nice little #Gartley Pattern on this chart

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Gartley worked out nice.

There is the top edge of the descending triangle (A), market seems to follow religiously but the vertex is not that far any more.

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Triangle "A" is the one that market keeps "following" at least for now. "W" is still there

İşlem kapandı: durdurma seviyesi

lot's of cheap bitcoin for everyone!

alskdj

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

alskdj