shytrader

BTC Consolidating in a symmetrical triangle

Long
shytrader Updated   
BITSTAMP:BTCUSD   Bitcoin
After breaking the bear flag (or ascending wedge , w/e), BTC 0.17% decided to consolidate in a symmetrical triangle, before making another leap up.
Most of the time price goes all the way (ABCDE) before breaking out, but keep in mind what it could breakout after reaching D and not go for the E.
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.