ETH and BTC LONG: Movement Following a Triangle
Bitcoin / US Dollar (calculated by TradingView) BINANCE:BTCUSD
A quick demo of what we often see following a triangle breakout.
DIsclaimer: This triangle is a bit abnormal. The guidelines here are strictly for instruction.
(1) Sharp movement upward that reaches or exceeds the tallest point of the triangle of triangle. This happens before the time of the triangle’s apex.
(2) A dip back down/up often to bounce off the apex area of the triangle.
(3) A movement toward the triangle’s true targets, which are 1-1.68x the triangle’s height projected from the ending point of E.
Happy trading!
