xueq

Average BIG triangle declines after breakdown $BTC

BITSTAMP:BTCUSD   Bitcoin
The Average large pennant breakdowns on BTC.. the average is a 51% decline for these big breakdowns. so fair to say 20k in the cards here. do we go that low i dont know but valuable to analyze these common shakeout triangles. This is where retail loses there position, and institutions come in and buy the lows before trending higher. Good luck friends.

Disclaimer

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.