Bitcoin in a descending triangle
Updated
Hello Friends! BitBotly Here with a thought about the current state of bitcoin.
Skippy, our algorithmic trader, pointed out that there is a descending triangle building currently.
The descending triangle shows all the symptoms:
As we all know, a descending triangle is a sign of bearish continuation, which means that we're waiting for a breakdown of the support level which will lead to greater downside.
See how skippy made us 15,000$ this month here
Skippy, our algorithmic trader, pointed out that there is a descending triangle building currently.
The descending triangle shows all the symptoms:
- 1. Lower highs connected by a trend-line
- 2. Similar lows, or lower lows
As we all know, a descending triangle is a sign of bearish continuation, which means that we're waiting for a breakdown of the support level which will lead to greater downside.
See how skippy made us 15,000$ this month here
Trade active
Short BitcoinEntry: 6960.3
Stop loss: 7003.6
Position size: 25% of (total)capital
Comment
Stop loss moved to 6977.0 :)Comment
Stop loss moved to 6964 :)Soooo close to break-even :)
Comment
Stop loss moved to 6960.0Trade is at least breakeven :)
Comment
Stop loss moved to 6942.0 :)Guaranteed profit! :)
Comment
Stop loss moved to 6915 :)Trade closed: target reached
Trade closed with +2.18% profit :)tiny.cc/TradingHistory
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