What do you think of this? I'm very new to TA, so could be completely bonkers :) I think it's gonna go down drastically soon... my buy ladder starts at $10.500 USD..
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What do you think of this? I'm very new to TA, so could be completely bonkers :) I think it's gonna go down drastically soon... my buy ladder starts at $10.500 USD..
It just broke out (and up) of the yellow triangle ;)
Oh dawg, this is driving me nuts ;) Downward triangle doesn't mean it won't break out tops... though in this scenario, that would be likely... remember we had that big head and shoulders, and we did NOT go down all the way, then we had the smaller head and shoulders that's still visible second from right in your pic above, and nothing happened except a small dip... so, triangles can be drawn at different places and different angles, see below... i'm hoping for a real dip soon, but I'm starting to doubt it will come. Bitcoin might be kicking straight upwards again by now if the volume wasn't so low (the blue lines resemble an earlier trading channel, we may be easing up into that channel again).
All the newbies panic-sold and now it's Christmas and they hesitate to get in again, because they're thinking exactly like you and me ;)