BTS (4/2/18) Triple top formation
Updated
Bullish Divergence indicator Triple Top forming on BTS.
The last Triple top failed (failure to make new highs), however, if an entry was made at 0.134 or 0.136 (on signal confirmation) then the trade could still be active with a generous stop loss. A Spread Triple Top has formed and a preliminary horizontal count gives us a preliminary target between 0.182 and 0.194
We seem to be in the clear and out of resistance but as a rule, I will wait for the signal to be confirmed before making a trade.
The last Triple top failed (failure to make new highs), however, if an entry was made at 0.134 or 0.136 (on signal confirmation) then the trade could still be active with a generous stop loss. A Spread Triple Top has formed and a preliminary horizontal count gives us a preliminary target between 0.182 and 0.194
We seem to be in the clear and out of resistance but as a rule, I will wait for the signal to be confirmed before making a trade.
Comment
if you want, support my steemit steemit.com/bts/@pawnuts/4-2-18-bts-spread-triple-top-formation
Comment
4 box regression seems to throw less false signals than 3. From this perspective the first Triple Top indicator did not fail, it is just bolstered by a second.
Comment
Triple Top Failure. First Triple Top is still in play.Comment
the bigger picture of BTSComment
BTSBTC projections
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.