Get started
DrDovetail

5 pattern pile up! This zone's a mess of gridlock & indecision.

Bitcoin (BITSTAMP:BTCUSD)  
DrDovetail  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC Bitcoin (Cryptocurrency) invertedheadandshoulders Rising Wedge Falling Wedge Symmetrical Triangle lowerhigh 4hr
3
0
trendanalysis chartpattern indicator btcusd btc bitcoin invertedheadandshoulders risingwedge fallingwedge symmetricaltriangle lowerhigh 4hr
currently we have a 1 day chart falling wedge with an overlapping pair of inverted head and shoulders patterns(1hr &4hr chart) on top of it. Then on top of those head and shoulders patterns we have a 4hr chart rising wedge(in turquoise) and a 3hr symmetrical triangle(in blue). solid chance for bear or bull although bear has the upperhand slightly since a 4hr lower high was just et in stone. Best to only play this one once a break is confirmed and stay in what position I'm currently in until then. Neutral then shall this idea be even though there's a temporary bearish bias and a long term bull bias.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.