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tradepsych

(Bullish) ASCENDING TRIANGLE on Bitcoin 15 Minute chart.

Long
Bitcoin (COINBASE:BTCUSD)  
tradepsych Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Chart Patterns Bitcoin (Cryptocurrency) BTC Bullish Patterns Ascending Triangle 15minchart bullishcontinuation breakoutsignal Cryptocurrency
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trendanalysis indicator chartpattern bitcoin btc bullish ascendingtriangle 15minchart bullishcontinuation breakoutsignal cryptocurrency
BTCUSD

The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. The pattern completes itself when price breaks out of the triangle in the direction of the overall trend.

Trade closed manually:
Went against the trend and broke down.
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