As many of you know, I''m not a crypto trader so, I'm not up to date on what's happening on the fundamental side of things. But as a technical trader here's what I see on the price chart.
Over the past 10 months or so, price has created a pattern formation called a descending triangle. (For more on the psychology on this pattern see my Youtube video "Lessons I've Learned From Losing") If we were to see a violation of the lows of this pattern formation then the prediction would be a bearish breakout.
Like all breakout patterns there are 3 ways in which I teach how to trade them.
1 - Positioning yourself in anticipation of the breakout.
2 - Positioning yourself during or directly after the breakout
3 - Waiting for the confirmed breakout and waiting for a pullback.
Akil
Over the past 10 months or so, price has created a pattern formation called a descending triangle. (For more on the psychology on this pattern see my Youtube video "Lessons I've Learned From Losing") If we were to see a violation of the lows of this pattern formation then the prediction would be a bearish breakout.
Like all breakout patterns there are 3 ways in which I teach how to trade them.
1 - Positioning yourself in anticipation of the breakout.
2 - Positioning yourself during or directly after the breakout
3 - Waiting for the confirmed breakout and waiting for a pullback.
Akil
The Trading Coach Podcast- Available on your favorite app!
anchor.fm/thetradingcoachpodcast
More Videos youtube.com/akilstokes
Free Trading Computer Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
anchor.fm/thetradingcoachpodcast
More Videos youtube.com/akilstokes
Free Trading Computer Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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.
The Trading Coach Podcast- Available on your favorite app!
anchor.fm/thetradingcoachpodcast
More Videos youtube.com/akilstokes
Free Trading Computer Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
anchor.fm/thetradingcoachpodcast
More Videos youtube.com/akilstokes
Free Trading Computer Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
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.