BTCUSDT Ascending Triangle

23 May 2019

BTCUSDT Daily Chart update to confirm a post with a pattern and potential targets I think we may hit on the positive and negative side. At this moment I'm bearish but knowing BTC we may have another bounce. We currently have 4 touches, so if it fails to break out on the next rally were going down in my opinion. If my white trend line is broken $7100 to $6943 will be my next support area. Please let me know what you think of my technical analysis and thank you.

24 May 2019

Not

BTCUSDT! I'm still going with the ascending triangle formed on the Daily Chart posted on May 23. The Daily chart pattern confirms targets on the downside and upside and it matches my technical analysis. Overall the trend is still bullish at this moment and $7210 can be a retracing target for support at this moment but once or if resistance breaks $9800 -10,300 can be it's next potential targets. Please let me know what you think of my technical analysis and thank you.

25 May 2019

Not

Update on BTCUSDT! Ascending Triangle: Identification Guidelines

Characteristic Discussion: The price trend can be in any direction leading to the chart pattern making the ShapeTriangular. As you see the prices are moving between two converging trendlines with the top trendline being horizontal and the bottom one sloping upward. As prices crosses side to side, filling the triangle with price movement, with no white space in between.The price touches must touch the trendlines at least three times, which it does forming distinct valleys and peaks. Now the volume is trending downward and our breakout upward is at a 63% completion chance 62% of the way to the triangle apex (upward breakout).

26 May 2019

Not

BTC/USDT! Nice breakout now we need a confirmation with a candle close above the current resistance to meet our targets at $9,800 -$10,300. If this candle doesn't close above resistance or give us follow through afterwards we can re enter the ascending triangle causing another lower high or break of the trend. Please let me know what you think of my technical analysis and thank you.

27 May 2019

Not

Old Post! BTCUSDT! I'm still going with the ascending triangle formed on the Daily Chart posted on May 23. The Daily chart pattern confirms targets on the downside and upside and it matches my technical analysis. Overall the trend is still bullish at this moment and $7210 can be a retracing target at this moment but once or if resistance breaks $9800 -10,300 can be it's next potential targets.

BTC/USDT! Nice breakout now we need a confirmation with a candle close above the current resistance to meet our targets at $9,800 -$10,300. If this candle doesn't close above resistance or give us follow through afterwards we can re enter the ascending triangle causing another lower high or break of the trend. Please let me know what you think of my technical analysis and thank you.

BTC/USDT! Follow up! We've received a daily and weekly close out now were just waiting on the targets.

27 May 2019

Not

BTC/USDT! Target update!

29 May 2019

Not

I think BTCUSDT going down to touch support at or around $8370 area

29 May 2019

Not

If that breaks my next support I'm looking at is around the area of $7800.

31 May 2019

Not

BTCUSDT! Downward targets listed. I think a bounce will occur at the $7800 target area.

31 May 2019

Not

BTCUSDT! New Pattern Rising Channel..