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dearSheep09656282
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Markets Allocation
50 % cryptocurrency 50 % other
Top Mentioned Symbols
XAUUSD 50% | 1 BTCUSDT 50% | 1
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BTC Descending Triangle $14K
BTCUSDT
, 1080
BTCUSDT: BTC Descending Triangle $14K

The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level , the bearish trend would...

GOLD (XAU/USD)
XAUUSD
, 360
XAUUSD: GOLD (XAU/USD)

Taking a look at the 6H time-frame chart, we can witness the beauty of price action. Accumulation+Distribution phases, a massive descending channel and many other details. Mr. Wyckoff was not the only person enjoying this incredible art. Any individual that is a fan of naked trading and of monitoring the price decline/grow gradually, will spot...

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