Looks like #Bitcoin is in the #SymmetricalTriangle.
This pattern is characterized by both the upper and lower trendlines converging towards a point in the future. It signifies a period of indecision or consolidation in the market.
Trading implications for a Symmetrical Triangle:
A breakout above the upper trendline is bullish, while a breakout below the lower trendline is bearish.
Due to the equal probability of a bullish or bearish breakout, traders often wait for the breakout to confirm their position.
Placing a stop-loss order just outside the opposite trendline can protect against a false breakout.
This pattern is characterized by both the upper and lower trendlines converging towards a point in the future. It signifies a period of indecision or consolidation in the market.
Trading implications for a Symmetrical Triangle:
A breakout above the upper trendline is bullish, while a breakout below the lower trendline is bearish.
Due to the equal probability of a bullish or bearish breakout, traders often wait for the breakout to confirm their position.
Placing a stop-loss order just outside the opposite trendline can protect against a false breakout.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。