BTC descending triangles with a possible strong upward breakout

Sep 13, 2019

If it follows its wave pattern, upward breakout is highly probable. That last bounce off weekly S (red line) is also positive move.

Sep 13, 2019

Note

Ignore the strategy panel :) This is just some crap I forgot I had running on this chart.

Sep 15, 2019

Note

Because all sorts of triangles and sloped lines fail when when markets moves sideways, I added a yellow box to mark the important area. Call it the decision zone, if you like.

Sep 16, 2019

Note

IF you noticed, there is also a nice little #Gartley Pattern on this chart

Sep 16, 2019

Note

Sep 17, 2019

Note

Gartley worked out nice.



There is the top edge of the descending triangle (A), market seems to follow religiously but the vertex is not that far any more.

Sep 20, 2019

Note

Triangle "A" is the one that market keeps "following" at least for now. "W" is still there

Sep 24, 2019

Trade closed: stop reached

lot's of cheap bitcoin for everyone!