BTCUSDT : bearish triangle instead of bullish ?

2021년 1월 17일

Hi guys,

so we move as expected. little bounce on the support, i tried to make a count if the price remain in this triangle. the wave form lead me to think that this is a bearish triangle instead of a bullish one.

When counting a ABCDE triangle you need to start the count at the right place. You never count the first leg as A but you spot the first ABC 3 waves bounce and start here . Please observe the first part of this image :

ibb.co/GRPbkWX

with this :




The RSI follows the pattern.

All of these information lead me to think that this is a bearish formation

2021년 1월 17일

액티브 트레이드

the ABC scenario remain, i was updating the triangle hypothesis from last post :

2021년 1월 18일

노트

watch resistance and support