Hi all,
(info provided in the chart)
The Bitcoin Market Cap chart moving right now in a sym triangle. This is a continuation pattern.
A triangle forms itself to give the market some breath after a big move.
Because it is a continuation pattern, I'll expect a break out upwards.
But, keep in mind, this type of triangle always has a 50/50 outcome.
Short after clear break down, long by clear break up
My long term:
(info provided in the chart)
The Bitcoin Market Cap chart moving right now in a sym triangle. This is a continuation pattern.
A triangle forms itself to give the market some breath after a big move.
Because it is a continuation pattern, I'll expect a break out upwards.
But, keep in mind, this type of triangle always has a 50/50 outcome.
Short after clear break down, long by clear break up
My long term:
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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.
Related publications
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.