My previous btcusd analysis is still valid. price is moving sideways forming a continuation chart pattern - triangle. check my previous idea in the list below.
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as we didn't break the triangle to the downside, no sell trade was taken. Morever, a failed pattern by itself is a signal in opposite direction. In many cases, a failed pattern is even more reliable signal than the pattern itself. Just trade the side the market is on and forget about being right ot wrong. If the breakout is true I will initiate buys, if it turns false (statistically, 50% of breakouts are false) I will initiate sells.
So.. a Tiny spike then this played out perfectly.
such a violent market in terms of fake outs and a month's worth of buy volume in 1 red candle...
this market is about low leverage, patience, risk tolerance, and wide timing. But the most probably situation eventually plays out. $2800 incoming by feb?
siriustrees
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Even more than 50% of breakouts are failed during 2018. Nice one.
Darkside999
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Wrongggggggg
Alexander_Nikitin
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@wildbeast, so what? patterns indicate a higher probability of one thing happening over another. this means that failed patterns are inevitable.
UnknownUnicorn1615160
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If you're willing to follow this guy's horrible TA you might as well follow me and my great head of hair
ArmornpobRattanachonrapum
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@BitcoinBobby, you sure ew count ? why 4 bottom 1 in triangle ?
deactivatedaccount123
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@ArmornpobRattanachonrapum, This guy just spams his garbage everywhere hoping to get views. Don't even pay attention to him.
such a violent market in terms of fake outs and a month's worth of buy volume in 1 red candle...
this market is about low leverage, patience, risk tolerance, and wide timing. But the most probably situation eventually plays out. $2800 incoming by feb?