BTC Descending Triangle after downfall
Обновлено
Good evening trading people,
after a long weekend and some days of absence I'm back with a new idea that I want to share with you.
After the prices went down last night, I can now see a Descending Triangle in
BTCUSD. I have marked this in light green. At the moment the candles are bouncing close to the support line of around 3400 $. RSI and MACD are raising again.
As always in the last time volume is too low at the moment. Perhaps bulls are regenerating power and waiting for a jump up.
Will we see a breakout at the end of the triangle? Could be that we reach 3580€ with a pump up. This will take place at the end of the week - latest.
What do you think? Is it going up or down next? Please support me with a thumb up and a comment. I would appreciate this :)
I will try to update this post frequently.
See you guys, trade on, Muckrah
By the way: this is just an idea and no trading advice. So trade on your own risk - like I do :)
after a long weekend and some days of absence I'm back with a new idea that I want to share with you.
After the prices went down last night, I can now see a Descending Triangle in
BTCUSD. I have marked this in light green. At the moment the candles are bouncing close to the support line of around 3400 $. RSI and MACD are raising again. As always in the last time volume is too low at the moment. Perhaps bulls are regenerating power and waiting for a jump up.
Will we see a breakout at the end of the triangle? Could be that we reach 3580€ with a pump up. This will take place at the end of the week - latest.
What do you think? Is it going up or down next? Please support me with a thumb up and a comment. I would appreciate this :)
I will try to update this post frequently.
See you guys, trade on, Muckrah
By the way: this is just an idea and no trading advice. So trade on your own risk - like I do :)
Заметка
Meanwhile, to be more exact I should say "over night" the candles broke down the triangle.I still think we will see a push back into it and then we are back on track.
Заметка
As I was analyzing the one hour BTCUSD Chart I detected this Falling Wedge (painted for you in blue). Could be, that we will see a massive pump in the next few hours...I will check this for you and will update this post frequently :)
Заметка
That looks very good. A few more steps up and we are back on track inside my green triangle :)Заметка
A brief update:- The chart is rolling on.
- Hours are moving forward.
- Still inside the triangle.
- We need more volume to pump it up.
- No need for a new screenshot.
I keep you up tp date.
Заметка
Still on the edge of the triangle, finding a bottom at around 3405 $.Looking not good at the moment. We don't need a dump, we need a pump up!
And here you can help up...
Заметка
Nice pump a two hours ago :)The blue Falling Wedge fulfilled its job as assumed.
We are still inside my light green triangle and are waiting for next pump or maybe a breakout...
Заметка
Still inside the light green triangle. So we are still on track, waiting for the breakout...Заметка
At the moment the chart is going down again a little bit. But we are still inside the triangle and that is all that counts for now :)Fingers crossed that we don't leave this triangle and go up a little bit more...
Заметка
A few hours ago we left my light green triangle, but now we are back with a little pump. Now I am excited what will happen next. Pump or dump, that's the question. Don't forget its weekend and usually the volumes are falling...So, come on bulls, where are you now..?
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.