Ascending Triangle Almost Complete Long

Bitcoin / DollarBitfinex

Description

⋅ Jul 20, 2018 2:01 AM

We have an ascending triangle on the four hour chart. It appears to be almost complete. Could see a big price move in the next four hours.

Triangle Ascending Triangle

Comments

UnknownUnicorn2774089

⋅ Jul 20, 2018 9:45 AM

Price pulled up due to CBOE BTC contract expire date of 18 July, now FOMO is feeing the greed machine before the next big pull back.

W3rN0tAl0n3

⋅ Jul 20, 2018 2:37 AM

It’s not a well-formed ascending triangle whatsoever and you have to look at all the other indicators in conjunction with formations- it’s a n0-go unfortunately bud.... but only temporary, :-)

W3rN0tAl0n3

⋅ Jul 20, 2018 2:05 AM

I respectively have to disagree bro, EVERYTHING is pointing to a pullback, which is healthy, not a negative- after we do so then we can push farther but we are going down to at least $7150 if not $6800- just keeping it real, :-).

CryptoStef

⋅ Jul 20, 2018 2:30 AM

@jeremy.jacques79, And that ascending triangle is bearish :)

mhfcrypto

⋅ Jul 20, 2018 2:35 AM

@stefangel90, Ascending Triangles are Bullish. Or are you saying this particular Ascending Triangle is Bearish for some reason? Thanks :-)

CryptoStef

⋅ Jul 20, 2018 2:41 AM

@mhfcrypto, babypips.com/learn/forex/triangles

mhfcrypto

⋅ Jul 20, 2018 6:30 AM

@stefangel90, agreed. Bias is supposed to generally be Bullish for Ascending Triangle...but in a Bear Market, well, take it with a Grain of Salt.

I'm personally expecting a litte correction to $7100, and then more Bull to circa $7800.

Thoughts?

coldstorm129

⋅ Jul 21, 2018 3:00 AM

@jeremy.jacques79, Looks like you may be right.

W3rN0tAl0n3

⋅ Jul 21, 2018 10:27 AM

@coldstorm129, No gloating here though bud- I’m in the same boat as you and we both want the same thing- to make $$.....and see crypto market really take off, ;-). All the best.