BTC descending triangles with a possible strong upward breakout

13 ก.ย. 2019

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

13 ก.ย. 2019

บันทึก

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

15 ก.ย. 2019

บันทึก

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.

16 ก.ย. 2019

บันทึก

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

16 ก.ย. 2019

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17 ก.ย. 2019

บันทึก

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.

20 ก.ย. 2019

บันทึก

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

24 ก.ย. 2019

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lot's of cheap bitcoin for everyone!