False Break Out

Bitcoin / United States DollarCoinbase

Description

⋅ Jan 6, 2019 6:46 PM

Notice how the price is breaking out of the triangle but volume is very low. This tells me that this is more likely to be a false break out.

Chart Patterns Technical Indicators Bitcoin (Cryptocurrency)Cryptocurrency crypto cryptotrader cryptotrading cryptocurrencies

Comments

Je_Buurman

⋅ Jan 6, 2019 7:24 PM

The 'low volume' on Bitfinex

ApisBull

⋅ Jan 6, 2019 7:31 PM

@Je_Buurman, Low volume on bittrex, binance and coinbase. I only found one high volume chart

Je_Buurman

⋅ Jan 6, 2019 7:37 PM

@ApisBull, yes, on bitfinex it was high .. i guess they "planned ahead" because downtime tomorrow (just wrote it in my chart)

ApisBull

⋅ Jan 6, 2019 7:47 PM

@Je_Buurman, A 4 hour chart isn't good enough for me. I'm not a day trader.

Je_Buurman

⋅ Jan 6, 2019 8:07 PM

@ApisBull, neither am I
but i do look at smaller timeframes, helped me a lot @ 3250$ ;)

ReallyMe

⋅ Jan 9, 2019 7:20 PM

ReallyMe

⋅ Jan 7, 2019 6:46 AM

You will be proven right. At the moment, all clueless writers and readers here on TV are trying to mutually reinforce each other. They have no idea what's really going on. They will find out soon enough. ;-)