EXCAVO
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BTCUSD Setting of targets.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar

You took a short position when you break through a symmetrical triangle in a downtrend.
Then the position began its realization, becoming a profit deal, and the price was consolidated in the trade corridor, the continuation pattern - a rectangle .
Then the price as expected continued its downward direction having broken the borders of the rrectangle.
Now you can transfer the protective stop to a new, technically sound level - above the rectangle's trade corridor.
Then the price reached the price level determined by the measured move and consolidated into a small symmetrical triangle.
This is why there is no sense to close the position right now as the trend tends to go on.
You should better try to keep a profit position as long as possible especially when there is a new technically supported level in our case – above the borders of the small symmetrical triangle.


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Comment:
The end is near for the bitcoin triangle

+1 Reply
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Thank You Sir
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