Daily triangle?

BITSTAMP:BTCUSD1D

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 12, 2020 10:02 PM

Such uncertain correction may indicate triangle in progress...

Comment

⋅ Dec 16, 2020 3:09 PM

Not a horizontal triangle, but wedge. Be cautious, Bitcoin loves to break such wedges to the upside.

Comment

⋅ Dec 16, 2020 11:34 PM

Not triangle, nor wedge. Just bullish bitcoin ))

Trend Analysis

Comments

m.sarvi

⋅ Dec 13, 2020 5:23 AM

Or maybe a local channel?

topcat2

⋅ Dec 13, 2020 10:17 AM

@M.sarvi, trendline broken => trendline not valid anymore, see book Schabacker

m.sarvi

⋅ Dec 13, 2020 10:20 AM

@topcat2, yep. It broke up and fixed above right after I posted the image.

devilninja777

⋅ Dec 17, 2020 7:08 AM

Sir we need another PentarhUdi macro chart with all time highs

f-73

⋅ Dec 16, 2020 3:48 PM

Seeing an (almost) perfect measured move up, within a channel:

Remarkable.

f-73

⋅ Dec 17, 2020 6:30 AM

@ft-73, perfect, even 1.618 matched.

noisevault

⋅ Dec 16, 2020 10:28 PM

When is the current break to the upside confirmed... at 21.2k now.

tahasheikh

⋅ Dec 16, 2020 3:20 PM

what's next master?🙂

f-73

⋅ Dec 14, 2020 4:17 PM

It looks good, even Parabolic SAR did stand the test.
My view:

What actually bugs me is volume.
No volume no party.

Nollie

⋅ Dec 13, 2020 8:16 AM

Yes, daily just turned bull. The level that had to hold held. Indicator shows hidden bull. Ichimoku forecast line broken. The problem is the weekly. Indicator still shows possible top even at 19250. Possible excalibur candle close. You don't want one of those right now.