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outlier1500
Feb 19, 2021 9:22 PM

BTCUSD ASCENDING TRIANGLE ON 4HR POSSIBLE ENTRY 

Bitcoin / US DollarBinance

Description

My 2nd idea. Any constructive criticism is welcome. I am new just trying to get better by putting my ideas out there. With that said. Spotted this ascending triangle on the 4 hour. I missed the break out so I will be waiting until price comes back down to the support line to enter.

Comment

Like I said, I am new to all of this. Apparently I confused ascending triangle with ascending wedge. Thanks to ElonMoonsk for the correction. I will update title
Comments
ElonMoonsk
Looks more like ascending wedge that already was bounced on after breakout.
outlier1500
@ElonMoonsk, so would I not expect for it to come back down to that support area or is that just not something I can infer either way with this pattern?
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