Tdot
Short

Ascending wedge in an ascending channel

BITFINEX:BTCUSD   Bitcoin / Dollar
148 3 0
What do you think? We need a retracement.
If it breaks down my target is around $265-270.

Comments and suggestions are welcomed.
Thanks,
Tdot
That's more accurately an ascending wedge. Ascending triangles are bullish, wedges are bearish.
Reply
Tdot MoonTrader
You are correct, MoonTrader. Thanks for pointing that out. I've adjusted the title.
Reply
UPDATE: It broke down. For what it's worth I don't think my target will hold either. We might see new lows.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
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
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out