Usually ... a triangle is a continuation pattern. When you see a big fat wedge in a chart with closing trendiness you can bet your bottom dollar that the triangle or wedge means a continuation of the trend.
A lot of bears are jumping on Bitcoin now, after the crash, we're showing a triangle consolidation under support! That means it's gonna go lower, right?!
Maybe .. We honestly don't know - no-one knows the future. A triangle can be a reversal pattern OR a continuation pattern. Have a look below
stock-trading-infocentre.com/images/symmetrical_triangle.jpg
Millions of traders are playing the bitcoin market right now and even they can't decide. That's what a triangle is: its a tug of war between bulls & bears who literally can't decide which direction it's going to go in.
at some point soon there's going to be a breakout from this triangle. It could be up to
14K, it could be down to $8k. I don't know! But I'm willing to bet its up. About 50% of the market agree with me. Let's see if we are right!
A lot of bears are jumping on Bitcoin now, after the crash, we're showing a triangle consolidation under support! That means it's gonna go lower, right?!
Maybe .. We honestly don't know - no-one knows the future. A triangle can be a reversal pattern OR a continuation pattern. Have a look below
stock-trading-infocentre.com/images/symmetrical_triangle.jpg
Millions of traders are playing the bitcoin market right now and even they can't decide. That's what a triangle is: its a tug of war between bulls & bears who literally can't decide which direction it's going to go in.
at some point soon there's going to be a breakout from this triangle. It could be up to
14K, it could be down to $8k. I don't know! But I'm willing to bet its up. About 50% of the market agree with me. Let's see if we are right! 
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.
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.