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CoinCompass
Sep 4, 2019 4:18 AM

Right Angle Triangle - Short Short

Bitcoin / U.S. dollarBitstamp

Description

Since I have a preference for naked charts I have not traded bitcoin for a very long time (and there are finally good opportunities in the fx markets). But right now we're looking at a decent right angle triangle which normally signifies downside to come if we close below the base at approximately $9,500. See page 88 of Richard Shabacker's book.
Comments
VincePrince
Great work! I see similar on the situation!
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