Phi-Deltalytics

Trading the BTC Triangle Break - Confirmations

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Waiting for the BTC triangle to break? We are almost there!

For those who are waiting for the new support/resistance to form as the signal for entry, we suggest also keeping an eye out for the position of RSI dips/peaks in relation to the RSI Moving Averages. These tend to be very useful confirmations for trend changes.

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Very good analysis. Look forward to your next post!!
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@lli, thanks.
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I think so too. It is necessary that the triangle is punched in one direction or another. Then everything will be more clear.
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@SpartaBTC, thanks for sharing!
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