cross above 8160 and support, this pattern fails. (its false) upward above 8160 and find support around 8130 then this pattern confirm.
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Sometimes, when a pattern fails, it can be a good thing. A pattern failure will force holders on one side of a trade to immediately reconsider. A descending triangle is a bearish pattern but occasionally, it will fail. This will force short covering and a great time to add longs at the same time. I like to get in on the breakout on confirmation.
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때로는 패턴이 실패하면 좋은 것일 수 있습니다. 패턴이 실패하면 거래의 한쪽에있는 보유자가 즉시 재고해야합니다. 내림차순 삼각형은 약세 패턴이지만 때때로 실패합니다. 이것은 짧은 취재와 동시에 긴 시간을 더할 수있는 좋은 시간입니다. 나는 확인에 브레이크 아웃에 참여하고 싶습니다.
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cmf break resistance, next one forms 9pm KT
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volume in yellow box was unlikely occurred from buyers.
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moving my stop to avoid long/short liquidation. 스캠빔
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not very sure if it is breakout and finding a support, but seems likely it is.
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retest zone
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45 min candle just closed, we are still under resistance.
4 hour cmf retesting resistance, 15 min left to open new 4 hour candle stick.
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Stop at 8016 if stop hit, entry will be under 8k.
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new 4hour candle started, watching market to avoid liquidation action, and stop loss/profit.
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12hours to go new weekly candle. closing under 8.1 would make another bear market.
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Kraken exchange showin most btc volume in their recent history
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40% of position stop move up to 8110
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timeline adjust, stop moved up. waiting for break out or hitting my stop in profit.
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sold 40% in profit. looking to add more stack on 8060-8040
Trade closed manually
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another 40% sold in profit 8133 20% remains. entry made under 8060. will cancel all orders if we close under 8.1 by 9am tmr.
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20% increse
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Trade active
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8130 retest? Stacking up orders with tight stop
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orders filled with market buy, i believe this is retest of break. tight stop will be needed.
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30min, another candle start in 16min. i am watching if it stays on b.o level
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Volume: As the pattern develops, volume usually contracts. When the downside break occurs, there would ideally be an expansion of volume for confirmation. While volume confirmation is preferred, it is not always necessary.
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Volume: As the pattern develops, volume usually contracts. When the downside(upside) break occurs, there would ideally be an expansion of volume for confirmation. While volume confirmation is preferred, it is not always necessary.
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Return to Breakout: A basic tenet of technical analysis is that broken support turns into resistance and vice versa. When the horizontal support line of the descending triangle is broken, it turns into resistance. Sometimes there will be a return to this newfound resistance level before the down move begins in earnest.
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The Limitations of Using a Descending Triangle The limitation of triangles is the potential for a false breakdown(up). There are even situations where the trend lines will need to be redrawn as the price action breaks out in the opposite direction - no chart pattern is perfect. If a breakdown(up) doesn't occur, the stock could rebound to re-test the upper(under) trend line resistance(support) before making another move lower(higher) to re-test lower(higher) trend line support(resistance) levels. The more times that the price touches the support and resistance levels, the more reliable the chart pattern.
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next candle please
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dot line has been resistance since june. are we going in to bull market ? or back to bear market ?