Second verse, same as the first

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
287 0
If you had seen my last published chart, this one should look very familiar. In-fact, we've had more than one triangle pattern in the last few days and they've all played out exactly as expected. Not much more to say about this one.

Hopefully we see our target two in the coming days. There are many who say that we need to see price revisit the $400 level and find support there. I agree, but god help us if support fails.

EDIT: Before you look at the price action and message me about how the projection has failed, keep in mind: One of the Symmetrical Triangle's characteristics is the "Return to Apex": After the breakout (up or down), the apex can turn into support or resistance. You should be able to witness this many times over in your back-testing. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out