kumarz

descending triangle on 15min chart?

BITFINEX:BTCUSD   Bitcoin / Dollar
62 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 ...
can't be a flag, its been going on for too long, and has retraced almost 50% of the rise.
Reply
broke out of the triangle but went back down again: I think this triangle is still in play.
Reply
Doesn't really work on a 15m scale.
Reply
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
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out