Oto_
Long

Symmetrical Triangle

BINANCE:TROYBTC   TROY / Bitcoin
There has been a heavy accumulation last couple of days. Only if BTC would stay relatively stable.
Comment: Just realized this could also be a textbook Diamond Top, be careful. Hopefully symm triangle prevails.
Comment: Exact same moves: https://www.investopedia.com/thmb/t4bAiq...()/FX-DiamondBear2_r-5c0584a9c9e77c00010b1be5
Comment: The chart that's displayed in here: https://www.investopedia.com/articles/fo...
Comment: According to the Diamond Pattern, we have already broke down. That said, I would consider waiting for the violation of the symm triangle's bottom trendline.
Comment: Battle going on at the apex.
Comment: Triangle has won. This is a clear breakout and the trend is upwards.

Comments

Any new comments after hitting 72 sats? Whats the next short term target?
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Oto_ Vibeman
@Vibeman, It could bounce at 67 and try breaking mid 70s once more. If it fails then it could go down to mid 50s and find a support there, targeting 90.
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