"Bullish" triangle inside the death channel
Updated
Why i call it a bullish triangle? First of all we have clearly a symmetric triangle inside our death channel, as you may noticed the price is above the middle line. 
If you take a look at daily chart, you will find a DMI>50, which is super high at the moment, this always indicate the end of a trend. So this symmetric triangle bring much more bullish side to our chart.
But still, since it is a symmetric tiangle it is always good to prepare for both side.
Both targets are possible 2900 and 4300. I suggest people who already longed can wait and see. Normally you should set orders at >3800 and < 3500. But even we dump to 2900 level, i expect a quick V reversal happenes.
#btc
But still, since it is a symmetric tiangle it is always good to prepare for both side.
Both targets are possible 2900 and 4300. I suggest people who already longed can wait and see. Normally you should set orders at >3800 and < 3500. But even we dump to 2900 level, i expect a quick V reversal happenes.
#btc
Trade closed manually
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.