FUN/BTC - Updated consolidation triangle
The triangle in my last idea was broken, which has proven that the consolidation might continue today as the Flag or Triangle has to be extended (please see graph). I also included the regression trend. Before the last outbreak, we touched the bottom of the lower deviation line. This is something that we might need to expect to see again. This means that if the triangle will be broken without outbreak; we might see the bullish outbreak happening from a lower point later.
*Binance is a growing exchange that is user friendly and does not require documentation if you trade less than 2BTCs. As it has just been launched it has reduced the trading fees to 0.5% if you have a small number of their coin ( BNB 0.00% -0.35% -0.35% ) in your wallet. Registration is recommended and using my referral link is highly appreciated: binance.com/?ref=11955863
*You are the decision maker in your trading, I cannot be held responsible for your losses
*Binance is a growing exchange that is user friendly and does not require documentation if you trade less than 2BTCs. As it has just been launched it has reduced the trading fees to 0.5% if you have a small number of their coin ( BNB 0.00% -0.35% -0.35% ) in your wallet. Registration is recommended and using my referral link is highly appreciated: binance.com/?ref=11955863
*You are the decision maker in your trading, I cannot be held responsible for your losses
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.