SpartaBTC

Trading with the trend Option of forming a global triangle

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Trading with the trend. As an option to form a global triangle.
It is not particularly important where the asset will go if you are trading with a trend. Do not ever try to buy something cheaper and sell more expensive! This is the lot of hamsters. You need to wait for confirmation of the trend and work on it.

A trend is a visually determined rise or fall in price.

Trend types

Upward ( bullish ) - the market is growing;
Descending ( bearish ) - the market is falling;
Flat (horizontal, side) - no trend - movement is observed in the horizontal range.

Trend line support and resistance is a universal tool for the trader.

A trend line is a straight line connecting at least two price peaks on a graph of a currency (asset). It should also be noted that within the development of the main trend going along the same line, many secondary trends can be formed, which are formed along additional trend lines .

Trend lines can be used to find and confirm trends. A trend line connects at least 2 price points on a chart and usually extends forward to determine areas of support and resistance . The positive slope lines, which have price support action, show that overall demand is growing. If the price action is above this line, we observe a “bullish trend”. Negative slopes, which show resistance to price action, show that the net number of offers is increasing. If the price movement remains below this line, we observe a “bearish trend”.

The price usually repeats the sloping trend line several times until it stops, and at this point a trend change can occur. The more points you can connect, the stronger the trend line becomes.

The trend line is relevant until the price breaks it in the direction opposite to the current trend. Showing thereby the end of the current trend.

There are trends and work on different timeframes.
Comment: Worth noting. Fate will be decided on July 29th. Court appointed for the exchange of bitfinex and therefore their creation USDT
Things are very bad for the exchange. If they are closed and the USDT outlaws, it will very painfully hit the cryptocurrency market in general.
Thanks to USDT, we see today's Bitcoin pamp; without USDT, there’s nothing to swing the market with. Thanks to usdt and there is this market. Guys are trying to do what is possible now. We must pay tribute to them. And they themselves earn and all these years they gave money. But the power is changing .... They understand all the very sad possible situation. As a possible surrender of the positions of influence and have to raise the white flag in front of the "big brother." If they manage to agree, it is possible and no one will understand what was actually being decided. But perhaps this will strongly speculate closer to the court.
Comment: That's how well trending works. Trend, until the uptrend line is broken - ascending. This is a small timeframe.
Comment: The price has currently broken through and is trading beyond the uptrend line. Long time trading beyond the uptrend line will lead to a change of trend in the global
Trade active: There is such a rare long-playing formation “bear measured move” from the peak of 2017 and it is being formed. Measuring stroke is a fairly long formation figure. Which can take from six months to several years.
Bear measured move consists of three long phases, or stages. In a bearish measuring stroke, the first and third phases are descending, and the middle one is ascending.
  We are now in the third phase.
Goals are calculated in the third phase of the percentage of the first drop.
But this is if the triangle is struck down which on another graph depicted
Comment: Since the birth of BTC, the global trend is upward.
The trend over the past 2 years (from the peak of $ 20,000) is a downtrend.
The existing trend for half a year is an uptrend.
Comment: It is also worth noting that if we break this symmetrical triangle up and fix, we thereby confirm the figure "ascendant pennant." Here it’s fantastic goals + 117% If we break through the "Symmetrical Triangle" down. And the price will be fixed under it. Thus, we confirm the very unpleasant figure “Bear measured move”. Always work in a trend, no one knows the future.
Trade active: There is a breakthrough of the triangle down, it is important where the price fixes
Comment:
Comment: did not reach the level of 7 thousand dollars a little. He made a false breakthrough of the channel down. Further momentum up is + 42%. Thus, the resistance of the previous channel and, most importantly, the downtrend were broken. Nevertheless, I am inclined to believe that, judging by the panic of the purchase and the nature of the movement, let's go along the bullish scenario and develop the 2016 fractal.

It is very important where the price will be fixed after the impulse.

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Comments

Great chart, thanks for sharing.
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SpartaBTC alanmasters
@alanmasters, Thanks you
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