The bears are in full charge!
BTC has been in an ascending triangle for the past few days and is about to break down to the downside.
According to TD-Indicator rules you can enter a short trade when a red 2 starts trading below a red 1. As you can see in the chart, this condition will most likely be met today (Maybe even while I am typing this)
The TD-Entry is...
Things are getting interesting. BTCUSD on 4h chart hit a green TD-9 (Signal for taking profit).
The 9 candle broke through the upper side of the symmetric triangle, but closed below it. This it why entering a trend continuation position prematurely on a TD-9 can get you wrecked.
Patient traders will be rewarded if they wait until a actually candle closes above...
Spotted a neat H&S on the 3h chart for BTC USD. And this time it's a textbook one!
- Left shoulder slightly higher in price than right shoulder.
- Upsloping Neckline
- Pattern confirmed after price breaking the neckline
For reference: thepatternsite.com
After the last 3 days of pure Bulls Bitcoin was overextended from the golden cross while...