Descending triangle is about to breakout on BTC!!
We have this textbook descending triangle pattern on the 4 hourly and is about to breakout.
I am in short position since 39k and my stop loss is at 39.5k on the 20X leverage and my price target is 37k where i am maybe even interested to go with a long position of the sign of a bounce.
As the Nick Diaz once said "Dont be scared homie"
What do you think about this descending triangle?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
I am in short position since 39k and my stop loss is at 39.5k on the 20X leverage and my price target is 37k where i am maybe even interested to go with a long position of the sign of a bounce.
As the Nick Diaz once said "Dont be scared homie"
What do you think about this descending triangle?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
Comment:
I exited my short position and entered long position at 37.7k because of the bullish divergence on the daily.
Trade closed manually
MP