Bullish Divergence indicator Triple Top forming on BTS.
The last Triple top failed (failure to make new highs), however, if an entry was made at 0.134 or 0.136 (on signal confirmation) then the trade could still be active with a generous stop loss. A Spread Triple Top has formed and a preliminary horizontal count gives us a preliminary target between 0.182 and 0.194
We seem to be in the clear and out of resistance but as a rule, I will wait for the signal to be confirmed before making a trade.
The last Triple top failed (failure to make new highs), however, if an entry was made at 0.134 or 0.136 (on signal confirmation) then the trade could still be active with a generous stop loss. A Spread Triple Top has formed and a preliminary horizontal count gives us a preliminary target between 0.182 and 0.194
We seem to be in the clear and out of resistance but as a rule, I will wait for the signal to be confirmed before making a trade.
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4 box regression seems to throw less false signals than 3.
From this perspective the first Triple Top indicator did not fail, it is just bolstered by a second.
Comment:
Triple Top Failure. First Triple Top is still in play.
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the bigger picture of BTS
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BTSBTC projections
steemit.com/bts/@paw...triple-top-formation