pinski121

pinski121

As the title says, this has lined up very nicely with the back-test of an ascending triangle and a TD 9 (momentum reversal signal). Zoetic is a cannabis company that has done very well for me in the past year or so.

pinski121

As you can see from the chart BTC is forming a descending triangle very similar to the one before, which it eventually broke out of. This one is smaller and represents a fairly minor consolidation pattern in my view. There is lots of support underneath from rising moving averages, previous trend lines, and previous horizontal support levels. Price floor is at £31k...

pinski121 Updated 

Here you can see the last time the price action plummeted to the 21MA on the daily chart. That was the start of a descending triangle pattern. I am watching for the price to hold above the 21 MA, if not then some further downside is on the cards. Structure needs to hold the recent lows of £34-35k or we could see a drop to major support / previous resistance /...

pinski121

We are at the top of the rising wedge now that has been forming for many days. Short term pullback before the rally resumes, eventually to a harsher pullback as it drops out of the formation.