It seems that Bitcoin is forming an Ascending Triangle on the Daily TF. Following are some Key Takeaways to consider.
Source of these takeaways are from Investopedia, as I think that this Article matches pretty much what I think about "Ascending Triangles"
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This Analysis is not intended to be investment advice. Always DYOR.
- The trendlines of a triangle need to run along at least two swing highs and two swing lows.
- Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing before the triangle, although this won't always occur. A breakout in any direction is noteworthy.
- Target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
Source of these takeaways are from Investopedia, as I think that this Article matches pretty much what I think about "Ascending Triangles"
If you like my Content, hit the 👍 and/or comment and make sure to follow.
This Analysis is not intended to be investment advice. Always DYOR.
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UNDER C.
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UNDER C.
Follow me on Twitter:
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Web:
UNDER C.
Follow me on Twitter:
twitter.com/blauersamt_
UNDER C.
Follow me on Twitter:
twitter.com/blauersamt_
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.