kuegi

[BTC Intra] another triangle within the yet-to-be-decided break

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Yes i know: "Again?". The breakout happened, it formed a triangle which led to an increase of positionsize when the next breakout came. And here we are again. an even more distinct triangle forming in BITFINEX:BTCUSD . Such patterns are often decisionpoints. its either pushing further, or retracing back. the risk is small, and stops nearly draw themself.

Only thing one should really consider now: "do i really want to increase the position further" (in case one is long already). Since i am keeping the risk per trade low, i know my answer ;)

Trade closed: stop reached: market is getting a bit to jumpy for narrow wedge-trading :/

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