BlueJayBird

BTC Case: Triangular formation on bullish channel. July 2020

BITMEX:XBTUSD.P   Bitcoin
a) Equilateral triangle. Market indecisiveness.
b) Descending trend-line above lower-highs. Resistance.
c) Ascending breakout, supported by ascending support trend-line.
d) Ascending channel .
e) Minor descending triangle (some traders say that they breakout on this figure should go downwards, but in this case the major equilateral triangle has preeminent final movement over the minor triangle).
f) Pullbacks: This is a good chance for buying. Notice the formation of a minor (but important) ascending support-line.

* Disclaimer: This idea is just for personal educational purposes.

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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.