PizzaRoll

Descending Triangle/Log Resistance/Horizontal Channel

PizzaRoll Updated   
BITFINEX:BTCUSD   Bitcoin
Pass red = STOP
Pass yellow = SLOW
Pass green = GO
Comment:
Price has continued along the upper range of horizontal resistance, likely invalidating the potential descending triangle. Looks like we'll continue this price action for awhile before a decision is ultimately made.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.