http://analystnotes.com/graph/quan/chart-pattern10.gif
Hi guys! According to my research this is a Bearish sign.
We were in a down trend before forming this triangle or wedge. If this plays out, it is a continuation of a downward movement.
If we had been up trending into this Triangle, we would break out upwards.
Be warned as i have said in previous charts BTC is not playing friendly to TA right now. Manipulation is at play and we could have a break out upwards instead. Best wishes
Hi guys! According to my research this is a Bearish sign.
We were in a down trend before forming this triangle or wedge. If this plays out, it is a continuation of a downward movement.
If we had been up trending into this Triangle, we would break out upwards.
Be warned as i have said in previous charts BTC is not playing friendly to TA right now. Manipulation is at play and we could have a break out upwards instead. Best wishes
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.
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.