Third Triangle Attempt
Updated
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Let me know if you think we'll eventually see the same volume in March as we did in Feb. and why.
I think if we see another 5 red days, we can break to downside, though there are some other great (bullish) ideas on here pointing out strong bullish patterns.
*This is for info purposes only, not financial advice.
Let me know if you think we'll eventually see the same volume in March as we did in Feb. and why.
I think if we see another 5 red days, we can break to downside, though there are some other great (bullish) ideas on here pointing out strong bullish patterns.
*This is for info purposes only, not financial advice.
Note
moMENTUM HAS picked up a bit but volume is still sinking.Note
We're out of the wedge on the 1hr, but this is a big wedge which probably requires more confirmation. i believe a bounce or double bounce will be best confirmation for the BIG run. See BTC's double bounce - last bounce was yesterday, before take-off.Note
2h candle closed above descending trendline on 2h chart. I would either sell here or see if I want to buy now or after a confirmation bounce - or two.Note
Safest might be to wait for a daily candle to close above the descending trendline on the daily chart (above), since the wedge spans more than 2 weeks. It's just hard to make these decisions in this mystery market where we don't really know if BTC is still consolidating. Wedges have been hit and miss.Note
We had a bounce/confirmation with the 2h candles. Expect at least a few days or weeks of growth, depending on market sentiment. The height of the wedge is about 70% !!!Trade closed: target reached
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