asik09

asik09

Please don't listen to anything I say...this is actually my 2nd TA post ever. Anyway, here is what I see. An Ascending Triangle (4 Hour Timeframe of BITFINEX:BTCUSD ). Based on my research, volume is supposed to be decreasing as time goes on in order for the pattern to be valid. The Red Line shows that volume is decreasing, but I'm not entirely convinced...

asik09 Updated 

Please don't listen to anything I say...I've never actually done TA until this post. Anyway, here is what I see. A falling wedge in an uptrend (1 Hour Timeframe). I would expect BTC to bounce around the wedge until we reach around either of the light blue horizontal lines (effectively, the pink area). After that, I would expect (hope) for a breakout from the...