pkealoha76

BTC TRIANGLE TRADE

Panjang
COINBASE:BTCUSD   Bitcoin
Just went long with an old fashion triangle trade. This is nice because the stoploss is tight. I believe this is a corrective combination possible end of wave 2 going up to the bullish side. The move after a triangle is usually very explosive so I want to get in on it for the possibility with a higher probability of bullish with my T.A. If you’re bearish no prob just run the fib projection tool the opposite way and target the 100%. Who knows it could go that way too? If it was just a triangle by itself then I would think it’s definitely a continuation pattern downward. Seeing as it’s a combination with a zig zag connected by a large x-wave I’m seeing it as more of a corrective wave instead. I’ll go short if so as my stop is pretty tight considering. Trade safe and aloha!

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