Hello all,
Here was the chart of yesterday :
Here is the current chart :
As you can see, we have a new triangle in formation and the lower line of the triangle is very close to our support line around 8980$. I wouldn't be surprised that we go touched that line to make a last bounce on it and make a UP Break Out to go out of the triangle.
However, the other scenario is still possible and a break of the lower line of the triangle but also of the the support line in green could create also a DOWN break out.
As always with triangle patterns, I prefer wait and follow the trend.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
With my daily exchanges of cryptos, I can recommend you the platform Binance
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Thank you for the great info!
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I hope that growth will continue
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Hi @cryptopassion
Its nice to see your new type of information about bitcoin I also have elaborated some way like this, please will you check it out.
"Generally speaking, a triangle pattern is formed on a chart when an analyst is able to draw two converging lines that form a wedge, or open-ended triangular, shape. These lines trace over the peaks and valleys of market fluctuations, ranging anywhere from a few weeks to several months in duration. Once the triangle pattern is fully formed, the trend line for the stock or commodity will “escape” the triangle, either in an upward or downward direction. The point which the trend line crosses one of the sides of the triangle is called the “breakout.” The direction in which the breakout is headed defines the overall trend for the commodity"
And the diagram will be like this way,
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Thanks dear for sharing but coin news.i always follow your post because your post helpful for me and I waiting for your next post
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Bitcoin price is forming lower highs and higher lows, creating a symmetrical triangle formation on its 1-hour time frame.
Price is currently testing support and could be due for a bounce back to resistance at $1075.
Technical indicators seem to be hinting that further decline are in the cards.
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Great crypto news
Thanks for sharing update proving crypto currency news. I appreciate your trading.
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Thanks for sharing cryptocurrency update providing news.i love bitcoin.all the best
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Good analysis and useful for new traders! Upvoted! Follow you, have a nice day!
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Please Stop
In your your last 100 comments you used 74 phrases considered to be spam and you made this exact same comment 1 times. You've received 0 flags and you may see more on comments like these. These comments are the reason why your Steem Sincerity API classification scores are Spam: 70.80% and Bot: 2.00%
Please stop making comments like this and read the ways to avoid @pleasestop and earn the support of the community.
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I dont understnad what is this again, well yes i use the same words or phrases with the same worda because I FEEL TO SAY WHAT I SAY AND WRITE! BESIDES ITS EASY TO UNDERSTAND THAT I M NOT A ROBOT!!! I dont understand what i should write to express in a few words what i feel and if i like the post that i comment. If at any comment that i need to write i must use other words to sayaround the same thing then i ll need the Britanica encyclopedia to comment here! Also u should check out my comments where i write pages but this is never mentioned! And finaly who is this bot dictator hee who will give directives and threats to users? Keep this comment for you, because it is you the real spam! Rply not accepted!
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I do not take your frustrations lightly and hope I might find a way to calm your outrage.
Please learn a little more about me, how posting the same comment repeatedly impacts bandwidth and harms the blockchain, and ways to avoid me and I hope you'll be inspired to learn better ways to engage with the community and find success here.
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I am so relaxed like HODL bitcoin people. So good that in last weeks for the grandfather of cryptos is still there and drive all altcoins through most important route: GROWTH!
Do you think Bitcoin can reach 11k for minimum 3 days in row this month?
Irina V.
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Just a question? Are you really making money at crypto via techn analysis?
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Thanks dear shing the choto news chat .I waiting your update news..
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Beautiful analysis, though I don't really understand.
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