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thomasdmd
Mar 10, 2022 3:27 AM

Symmetrical triangle forming? Place your bets on the breakout 

Bitcoin / U.S. dollarBitstamp

Description

Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Will BTC breakout like Gold?
Comments
bed87
Sounds like you're betting on a breakout upward?
empathicLeader13655
try logarithmic
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