DrewR

Ascending Triangle Formation

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
369 2 3
It appears that an ascending triangle formation is taking place. If you're in, probably best to hold BTC , however if you're not in then you might be able to catch a lower price before it breaks out closer to the apex. As always, I try not to state "short" or "long" because I am in neither position very long.
Also, a suggestion by @ItsAllAboutSharing is to hit the bottom most point to tighten up the triangle; doing so still coincides with current trend.
Reply
DrewR DrewR
I mean @ItsAboutSharing :)
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out