kumarz

descending triangle on 15min chart?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
64 4 0
looks like a descending triangle , and those tend to continue downwards in the end, unless it breaks ... staying on the sidelines for now ...
Doesn't really work on a 15m scale.
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kumarz MoonTrader
i think it does: the triangle is clear even in 1hr charts. Anyhoo, lets see how this pans out: its been in too much of a zigzag to remain in a triangle for much longer. Looking bearish, which is a great opportunity for whales to manipulate it upwards
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broke out of the triangle but went back down again: I think this triangle is still in play.
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can't be a flag, its been going on for too long, and has retraced almost 50% of the rise.
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