Bitcoin / EuroUpdated XBTEUR has strong consolidation with a symmetrical triangle
I have been trying to catch the break out for the last few days with a tight stop loss just in case it goes the other way which is also very possible. The pull back from all time highs hasn't been strong enough to suggest a reversal in trend so I believe this to be a continuation pattern. I will be waiting for break out confirmation before I get in again though.
The pattern is a symmetrical triangle so see the below link for more info.
stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle_continuation
The pattern is a symmetrical triangle so see the below link for more info.
stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle_continuation
Note
Break out to the down side confirmed. :-(
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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.