Fontas
Long

Triangle break upwards

BITSTAMP:BTCUSD   Bitcoin / Dollar
1204 7 14
Divergence from bearish pattern . We might bubble here.
Trade active: Continuation of trade. Raise stop loss to 375.
Comment: Continuation. Raise stop loss to 387
Trade closed: target reached: Trade closed. Futures premium at 7% already, signalling euphoria. Disappointed it occured so early. Current price 2863CNY. Good profit.
agreed
but feel we may go higher
A bigger picture
+1 Reply
up we go
path i feel we may take to $700 and then ATH

elliots waving up
Reply
Follow fontas and you may get wrecked. According to him he has lots of money so he can risk crazy trades. He gets one right he makes bank.
Realistically though maybe 400 tops.
Reply
Fontas Galvin
It's the breakout from a symmetrical triangle under 20% of price movement, according to Technical Analysis of Stock Trends 9th, a break up signals continuation of trend.

I don't see how this trade is crazy. It's a long target with a tight stop loss just under triangle tip. High reward low risk.
+3 Reply
no your missing the bigger triangle here not a break out yet sorry
Reply
Are you trading off that one signal or is there something else here that's influencing your decision to take a huge risk/reward long?
Reply
Fontas chequeyoxbt
There was a bearish fractal forming, but it got denied by the up break. Symmetrical triangle broke upwards, in technical analysis it means continuation of trend. Trends rarely revisit triangle tip after breakup. As such, rare opportunity for a high reward low risk long.

High reward = far target.
Low risk = tight stop loss, raised as the trade progresses.
+1 Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB 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