DeadSerious

Trapped inside triangle

DeadSerious Telah dikemas kini   
BITFINEX:BTCUSD   Bitcoin
Triangle action here and daily EMA30 blocking the way. More sideways action expected here.

Short term down
Long term let triangle to show us
Komen:
Going down to test triangle bottom is what I would expect here but..

...if they start to paint a "build up" under resistance like this then it has bigger chance to break through the ceiling
Komen:
Triangle resolved upwards
Komen:
Look for daily close. If close below 30EMA it will go back down
Komen:
Price may be forming rising wedge here which is usually a drop pattern. That's my view for now
Komen:
It's a guessing scenario at this point but I'm considering something like this if they would want to retest the breakdown level of previous H&S pattern
Komen:
Observe the daily cloud to see where this is going short term
Komen:
The only trendline I'm interested in right now
Komen:
This is inverted daily chart for some different perspective. Just speculating here but it can form triangle or some consolidation like this
Komen:
If drops (goes up) here. Inverted chart idea

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.