BTC Not Actually In An Ascending Triangle?

16 ביוני 2020

So lately in the TA world I've noticed a lot of people pointing out something similar to this green ascending triangle. To me that triangle looks sloppy at best and I personally believe we are in more of a rising parallel channel like I've outlined in purple. I've had this channel mapped out for a couple weeks now (since about June 3) and it's been filling out beautifully up to this point. I am currently still in part of my long position from breaking that red downtrend line (zoomed in to 15min to enter trade) within the channel recently as it confirmed that we could in fact be moving back toward the top of channel possibly shooting for approximately 10.8k? have to see how the channel plays out. I have locked in most of my profits by now, but don't mind keeping part of position open incase we test up higher for a 3rd touch point at purple resistance.