Dear traders,
23 september is the end of the triangle.
That's strange, exactly at beginning of BAKKT.
in my opinion that is bullish sign, however if we close below the triangle it's extremely bearish.
So watch that point of leaving the triangle and choose Short or Long.
But watch out for the Bull-trap or Bear-trap.
In my opinion it's better to wait for 2 full 4H close bars below or above the triangle
Targets Bull:
1.10.800
2.11.200
3.14.000
Targets bears:
1.9500
2.8800
3.7200
Good trading guys,
Hans
23 september is the end of the triangle.
That's strange, exactly at beginning of BAKKT.
in my opinion that is bullish sign, however if we close below the triangle it's extremely bearish.
So watch that point of leaving the triangle and choose Short or Long.
But watch out for the Bull-trap or Bear-trap.
In my opinion it's better to wait for 2 full 4H close bars below or above the triangle
Targets Bull:
1.10.800
2.11.200
3.14.000
Targets bears:
1.9500
2.8800
3.7200
Good trading guys,
Hans
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