Descending triangles are a continuation pattern but we can see a hidden bullish divergence and it seems that iota is bottoming out and forming a possible triple bottom. it would be a fantastic trade. my strategy is buying at the dip. so i can see third bottoming out near 7000 satoshi level. so we have bullish divergence and simultaneously descending triangle so we...
as you know symmetrical triangles are continuation pattern but EOSBTC broke above the upward trend line. i suggest buying EOS and holding.
first target : Slightly below the 9538 sat
second target : 11500 sat
stop loss : 8000 sat
TA IS NOT PREDICTION IT'S ACTING BASED ON CONDITION.
I'm tired of speculator on tradingview. people love to predict and draw some lines on the chart and say this is the future price action. you cant say because it is YOU and MY supply and demand that causes price to change. when we seperate ourselves from the others and we think we are the one that is going to...
I put two lines above the triangle:
Red line: if red line is our big triangle line we didn't cross that line but there is a argument in which we have only to point of contacts and one of them is last tether pump and the other one is far away in the past.
Blue one: this line has 5 point of contact and also it is more recently contacts. in this scenario we broke up...
we are in a accumulation phase. as long as we are in the triangle any trade is not suggested. but according to the last hammer (2018 low) i think it's likely going to breakout to the upside.
and also the bitcoin dominance seems to meet it's top and i can see a possible altcoin boom. some signs of this have happened to XRP and GOCHAIN.
but if we break below the...