Sideways Movement On Track

Aug 15, 2019

As I have always known, most markets move in triangular patterns. When most traders learn to trade, we are taught to draw horizontal lines for support and resistance. Over the years, I've come to shift and move those lines to triangular patterns using wedges, they work better. As for this chart, BTC did dip down to the lower green trading zone and I expect it to bounce up a bit and continue it's sideways movement for awhile. It's a good time to tier in while prices are good. Expecting sideways movement until the 100 SMA catches up.