No pattern is certain. Tight stop-loss recommended if you're trading in this confusing environment.
All the best.
-SJ
הערה:
Right after the slump downwards from this pattern, BTC has begun a symmetrical triangle.
A continuation pattern, but for what trend?
I would assume bearish, since that's the short term trend, and it's a short term pennant.
but the buying volume is spiking higher than the selling volume as the triangle progresses...
leaving me to believe that there's a possibility of a bullish break. Also, the 1 day candle just came in as a perfect Doji. Reversal signal.
I'm scaling in on the dips. Stop-losses tight.
If there's an upside to this, I'd like to be around for it.
But mixed signals make me reluctant to risk too much capital.
Happy Trading.
-SJ
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Right after the slump downwards from this pattern, BTC has begun a symmetrical triangle.
A continuation pattern, but for what trend?
I would assume bearish, since that's the short term trend, and it's a short term pennant.
but the buying volume is spiking higher than the selling volume as the triangle progresses...
leaving me to believe that there's a possibility of a bullish break. Also, the 1 day candle just came in as a perfect Doji. Reversal signal.
I'm scaling in on the dips. Stop-losses tight.
If there's an upside to this, I'd like to be around for it.
But mixed signals make me reluctant to risk too much capital.
Happy Trading.
-SJ