Williamforex

BTCUSD UNIQUE IDEA

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD is exactly Moving According our Analysis in this smaller time frame. Now we will wait for next candle. Maximum Chances it will go Down to the Price level 17k.





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Comments

A lot of amateur traders can't seem to tell what direction a triangle will break.
There are rules and checks you can perform like comparing price variations with MACD - to confirm it's a triangle ( just one example)
In your diagram if it's a proper triangle it WILL break upwards.
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VASHKA innocentAccoun35113
@innocentAccoun35113, looks like it’s breaking down...
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innocentAccoun35113 innocentAccoun35113
@VASHKA "if your diagram is a proper triangle..." is what I wrote.
The only triangle that exists starts 19621, connecting to 19431 and 19300.
The lower boundary is 18500 and 18905. After hitting 5 points, then it breaks in the opposite direction.
Do your research and learn. I am not here to do your work for you!
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Williamforex innocentAccoun35113
@innocentAccoun35113, normally that type of wedge break to uper side. but here in weeky chart pressure was in downside
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VASHKA innocentAccoun35113
@innocentAccoun35113, His view was short, therefore his triangle WAS proper as the price broke out..... downwards.
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G74mes1 innocentAccoun35113
@innocentAccoun35113, Clearly says Short noob
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Williamforex innocentAccoun35113
@innocentAccoun35113, Thanks for your comment. as i told maximum chances to go down. so it droped
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