Triangles are typically made of many 3 wave patterns. As you can see this ascending triangle is full of them. Ignore the ABC tool I used to draw the waves. You can say 123, ABC, whatever. The point is you know it's a valid triangle if it consists of multiple 3 wave moves.
At any rate, if this is correct a break North would have a target of 60K minimum. Next week should be very exciting!
Good luck!
BBS Out.
At any rate, if this is correct a break North would have a target of 60K minimum. Next week should be very exciting!
Good luck!
BBS Out.
Note
Nice breakout! :0)Trade closed: target reached
I'm closing this chart because the target was reached. :0)Note
Note: Even though I close this chart I have not closed my long position. Still long since 2013 and will remain so until well over $100K. Then I might cash out a couple hundred Satoshi and go get a coffee or something. :0)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.