Bitcoin
Short
Updated

Candle Pattern Analysis of Bitcoin

89
snapshot
snapshot
In weak chart and day chart , there are both Symmetrical triangle pattern.
it seems that a sideways correction of Wave(C) is on the way.
I am expecting it will stop at 0.5Fib of the nearest motive wave.
So,i can buy in there.
Trade closed: stop reached
In daily chart , the supposed symmetrical triangle pattern hadnot been breaked down. In fact it had been breaked up today.
I should not have traded there in a hurry.
I think the price is still in a oscillating trend.
Waiting for another chance to trade.

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.