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Trianglepattren

Short-term Bitcoin Price Update. New Trend Lines Emerge on 4H.Looking at the 4-hour chart of Bitcoin. I had a descending triangle that has recently broken downwards. However, what I thought was a descending triangle appears to be rising wedge. This does not change the sentiment that we are bullish Bitcoin. It only changes the price targets. $40200 remains valid, not as the target of the descending triangle but as historical support. However, I see $44536 as a strong support line based on the big drop on 4 December. If that line breaks, then I will be setting up buy orders at lower levels. If we break the top of the falling wedge before we break $44536, then we look for entry points above both. I will update this as things unravel. You can view this chart with live price and my updates here .
BITSTAMP:BTCUSDLong
by TechNerdOmar
AMC's decreasing triangle - waiting for its breakoutAMC has been providing fake buying signals since last June, which has ended up creating a decreasing triangle composed of a buying zone and a series of decreasing maxima. Right now, the price of these shares is placed inside of a buying zone, which in a normal situation could entail a buying opportunity. Nevertheless, as the triangle figure is very close to the appex,it is a better option to wait until the price of the shares breaks the triangle in any direction. Once it breaks, operating in the direction of the new trend could be a potential strategy. We'll keep track of this share price evolution
NYSE:AMC
by mar_lpz