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ilesanmipepsi
Aug 9, 2020 9:16 AM

BTC: A local top already in place! 

Bitcoin / U.S. dollarBitstamp

Description

I spotted this Obtuse triangle on the BTC Daily chart, and I was thrilled that BTC has been trading within this pattern from 01 Jan - 02 Aug. 2020.

See the Obtuse triangle in action, catching the local low formed in March and of course the local top just formed on 02 August. If really history does repeat itself, then a local top is already in place in BTC, IMO!

Comments
hamedhercules
Hi sir ... in your oponion we should buy in 11600 ??? And with what stoploss??? Thanks alot
ilesanmipepsi
@hamedhercules, 1140 is safe to place SL
DAVID9039
@hamedhercules dont trade if you dont know what you are doing
ilesanmipepsi
@DAVID9039, That's right.
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