MarkH99

Bitcoin about to turn around

MarkH99 Aggiornato   
BITFINEX:BTCUSD   Bitcoin
BTC has created a symmetrical triangle. This could go both ways, up or down. First we need to wait for a breakout before we make a trade. So be patient. Once it breaks out to a higher price point, this could really be a turning point for BTC price. Let's see....
Trade attivo:
Solid breakout, solid volume.
Commento:
Just a heads up for this rising wedge pattern. Indicates price drop...
Commento:
Price pulled back to the triangle's resistance line. To understand what's happening we must zoom in more and look at the 5 min chart. It shows a falling wedge which usually means increasing price.

Trade chiuso: stop raggiunto:
Fakeout
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