joebaus

Simple XBTUSD Descending Triangle

Short
BITMEX:XBTUSD.P   Bitcoin
XBTUSD.P
BTCUSD

Never saw a descending triangle that was drawn "right," as in it encased all price movement properly. This same triangle can be achieved properly with two rays too.

If you want to make a bearish case feel free to share it below. (Anybody have anything bullish on the 1day or 1week?)

Joe Baus, bausbenchmarks.com
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.