BitcoinLong
BTC Rising Triangle
Looks like a textbook rising triangle to me, BTC keeps retesting the previous support that turned resistance with the last major dump. The beauty with this pattern is that you can easily place the stop loss below the triangle support, which seems like a fairly tight s/l to me :)
Keep in mind that if a pump comes, it will most likely not last long and lead to further consolidation in the previous accumulation area.
Share your thoughts on this with me!
Keep in mind that if a pump comes, it will most likely not last long and lead to further consolidation in the previous accumulation area.
Share your thoughts on this with me!
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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.
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.