Price action in BTC continues to converge in a triangle pattern. It will be interesting to see which way it breaks. Not sure how much it will break based on current volumes but some sort of movement seems likely.
I am looking at the BTC Chart wondering if we are about to see a break out or a break down in the price of Bitcoin. I would love to have some feedback from more experienced traders and investors. Are the some other technical indicators, fundamental factors, catalysts or chart patterns that could affect near term pricing? I am grateful for this community and I...
I stand corrected. In my last post I didn't see much of a breakout occur but it did breakout somewhat. I am new here but learning quite a bit.. Happy Trading
For over a day BTC has been slowly working up this trend line. I also noticed this converging trend line. Obviously due to lack of fundamental drivers, news impetus, catalysts and volume there isn't going to be much of a breakout here. I am new here but I love learning from everyone. Happy Charting
It has been fairly dull for many of the Crypto Currencies that I follow. I noticed this squeeze and convergence in the pattern emerging on the 15 minute chart. I realize that this isn't a huge breakout due to low volume but cool to see nonetheless. I really enjoy this community and everything I learn. Happy Charting!
I am new to the Crypto space and find it absolutely fascinating. I am enjoying learning about BTC, Alt Coins, Protocols, LP Staking, Mining, Farming, Etc. As an investor and swing trader there is a lot to learn, but right now I am just keeping trading simple and small. In my research I pulled up this BTC chart and it just made me stop and pause. I wondered if...