Bitcoin Triangle (Updated)
Here is a new updated version of the triangle, it's closing in.
The green and red bars is where I would put Buy (green) and sell (red) orders, I would set a OCO (One cancels other order) so when the price hits, for example, the green, it will cancel the red order. This means I could profit whether the price goes up or down purely based off the idea of a potential breakout. This pattern occurs frequently in bitcoin and other markets (like gold).
The green and red bars is where I would put Buy (green) and sell (red) orders, I would set a OCO (One cancels other order) so when the price hits, for example, the green, it will cancel the red order. This means I could profit whether the price goes up or down purely based off the idea of a potential breakout. This pattern occurs frequently in bitcoin and other markets (like gold).
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