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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS

🤝Let’s learn and grow together 🤝
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Hello Traders ✌

To me the Bitcoin situation is anything but solved. Let’s see what chart can tell us at the moment.
We are in between the 30k/70k range which are the levels to deal with before can say anything serious about this crypto in my opinion. Short-term we can see that, after decline started last november prices are consolidating around the 41k previous level and taking the form of a Symmetrical Triangle. Many traders would have drawn the lower boundary of the Triangle by connecting candle lows (dashed line) which would have been absolutely correct but, I prefer drawing it where the real price action took place in case like this where it is clear that these two lows where just spikes. The meaning no less remains the same. Both options (up/down) are still on the table at the moment.

🔎🔎🔎 ALWAYS REMEBER
“A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist”
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting’s personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
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