XBTEUR has strong consolidation with a symmetrical triangle
Updated
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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