Thanks @haejin! I'm trying to learn as much as possible from your tutorials and your suggested books. Question: couldn't the BTC/USD correction also be interpreted like a descending triangle, resulting in a possible break-out of a bearish downtrend? See below:
RE: Bitcoin (BTC) Evening Update: Too Many Gloom & Doomers!
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Bitcoin (BTC) Evening Update: Too Many Gloom & Doomers!
Nice, this is for sure a possible scenario out of many! Let's keep track and then maybe it becomes more likely. Wishing you best of luck with your studies and a successful new year!
btw: volume usually declines towards the end of the triangle, so this indicator would make it a little less likely, anyway, keep it up and thanks for sharing your observation!
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Thank you! Ah, I didn't know that. Thanks for the heads up and best wishes for 2018!
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