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
Reply
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 :).
Reply
Spofas PRO tonz_of_gunz
so what now?
Reply
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...
Reply
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
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out