BTCUSD TD Sequential and Ascending Triangle (Very Bullish)
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You can see the first ascending triangle that failed, and I thought that it would touch that green rectangle which was next support, but it didn't which led me to believe this was a bullish sign and then drew that second extended ascending triangle.
The T D Sequential that I use gave a 13 sell countdown signal, at 3:00 on 10/14/17, but you would not have taken a short position because the next hourly candle at 4:00 closed equal to the close the the 13 count candle thus giving a 1 count, which started a T D Sell Setup that was perfected with the green 9 count at 12:00 10/14/17. Once again, you would not have wanted to enter a short position, just be in cash. At 16:00 you started a T D Sell Countdown with the green 1 count under the candle, and the candle following it you got another T D Sell Setup. I'm expecting BTC to breakout soon to new ATH's. Of course, news about the SegWit 2x HF, China, Russia, or U.S. can ruin this very bullish setup, like we've seen recently over the past 6 or so months.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.