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 podcasting app!
anchor.fm/thetradingcoachpodcast
anchor.fm/thetradingcoachpodcast
