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barrbudo
Jul 14, 2019 6:26 PM

Are we in a triangle? 

Bitcoin / U.S. dollarBitstamp

Description

I'm trying to situate myself by using the Elliott wave theory, and I'm starting to think that we may be in a triangle. What's your opinion?
Comments
follow_the_money
totally agree.. but if we fall from that triangle, its a long wayssss down. share some likes if you agree w/ the triangle idea? #BTCUSD
barrbudo
@follow_the_money, interesting analysis! How do you interpret the DMI indicator?
follow_the_money
DMI is cool, It just happed to be up when I published this tbh lol.
Usually prefer to use it on the 1 and 2 hour to confirm potential reversals. Most of the time I look for directional movement to show specific pattern that I’ve found to be pretty strong indicator. ADX over 18 and whether bullish or bearish is “trending” in that direction.
Bullandbeartrading
Interesting indicators!
barrbudo
@Bullandbeartrading, I like the CCI better than the RSI, and I used the Stochastics as a filter. What indicators do you use?
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