tonz_of_gunz
Short

BTCUSD SYMMETRICAL TRIANGLE ON H4

BITSTAMP:BTCUSD   Bitcoin / Dollar
BTCUSD             has developed a symmetrical triangle on H4 which can break on both sides but i am only interested in the downside.
Comment: BTCUSD made a new triangle before finally going down like i was expecting.
snapshot
Comment: And KABOOM! First target hit!
lovely chart my friend
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tonz_of_gunz TheBanker
Thank you my friend!
Reply
woah woah. you trading bitcoin now? or just charting it?
+1 Reply
Also, why are you leaning more to the downside?
+1 Reply
I am not trading it, just showing my idea on this because someone asked me what do i think.Mostly because on higher tf looks bearish to me :).
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Spofas PRO tonz_of_gunz
so what now?
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Draw the bottom triangle line longer and wait?:).If i wanted to buy i need a strong bullish candle to show me bulls are meaning business with this triangle upside breakout not this little noise...
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Spofas PRO tonz_of_gunz
ya that's why i dont like triangles / trendlines that much. im waiting for 12h and/or 1d bband breakout
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