DrDovetail

3hr chart symmetrical triangle now the dominant pattern.

COINBASE:BTCUSD   比特币
After some peculiar price action it now seems the most valid timeframe for a symmetrical triangle here is the 3hr chart. It is always a bit of a risk looking for a pattern on a 1hr chart so having to move to the 3hr chart to find a symmetrical triangle that was still looking valid doesn't surprise me.; In general I usually stick to the 1 day and 1 week charts but went with the 1 hr chart this time around because there were so many valid touches from the candlesticks....ultimately even if this 3hr symmetrical triangle starts looking wonky, we we likely maintain the 1 day basic bullflag it isnt until the 1day chart bullflag gets invalidated that we need to worry about bearish confirmation.
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