MicroStrategy CEO Michael Saylor announced that MicroStrateg

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MicroStrategy CEO Michael Saylor announced that MicroStrategy now holds nearly 1.1 million BTC, rivaling the amount held by Bitcoin founder Satoshi Nakamoto.

MicroStrategy CEO Michael Saylor announced that MicroStrategy now holds nearly 1.1 million BTC, rivaling the amount held by Bitcoin founder Satoshi Nakamoto.

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Malik Israr Ahmad

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SYMMETRICAL TRIANGLE EXPLANATION: Bullish or Bearish? DEFINITION: A symmetrical triangle in trading is a chart pattern formed by two converging trend lines, where the upper trend line is declining and the lower trend line is rising. This pattern indicates a period of consolidation and uncertainty in the market, as the price action is contracting into a smaller range. Here are some key points to consider when identifying a symmetrical triangle: 1. Formation: The pattern forms when the price action is bounded by two converging trend lines, with the upper trend line connecting a series of lower highs and the lower trend line connecting a series of higher lows. 2. Symmetry: The trend lines should be symmetrical, meaning that they converge at a similar angle. 3. Consolidation: The pattern indicates a period of consolidation, as the price action is contracting into a smaller range. 4. Breakout: The price action will eventually break out of the triangle, either to the upside or downside. 5. Target: The target for the breakout is typically the height of the triangle, measured from the breakout point. 6. Confirmation: Wait for a confirmation candle or a close above/below the trend line to enter a trade. 7. Stop loss: Set a stop loss at the opposite trend line or a recent swing high/low. Symmetrical triangles can be bullish or bearish, depending on the direction of the breakout. A bullish symmetrical triangle forms in an uptrend and breaks out to the upside, while a bearish symmetrical triangle forms in a downtrend and breaks out to the downside. EXAMPLE : Here is a simple illustration of a symmetrical triangle chart pattern: B / \ / \ / \ A-----/-------\-----C \ / \ / \ / D In this chart: - A is the starting point of the triangle - B is the first high - C is the breakout point - D is the first low The two converging trend lines (upper and lower) form the triangle shape, indicating a period of consolidation. The price action will eventually break out of the triangle, Bull or Bear

#DOGEUSDT Update: #DOGE has retested the broken resistance of Symmetrical Triangle. It’s shown that breakout has confirmed. Now Targets are shown in fig below 👇. Trailing SL is very necessary in trading. Short term target is $0.18. #DOGE Is bullish on Al LTFs. Don’t make leverage trades on my analysis. My analysis might be wrong! NFA

#FET Update: #FET has bounced exactly from L-L Support. Currently it’s holding Ascending Parallel Channel. It’s good zone for Scalping in this Tight range boundaries . $2.7 is Very strong resistance for coming days. Breaking of $2.7 will lead a massive breakout target. NFA

Bitcoin Dominance Chart on daily is giving some clear clues for #Alts . Expecting something huge for BTC.D Index. Chart analysis will posted today.

I m very much disappointed by #Polkadot team due their worst performance since past few years. Is this project will be vanished for coming months . #DOT has no movement in price action. Chart is also looking dead on monthly time frame. I will cover major flaws in $DOT parachain activities. #Polkadot team it’s your last chance to grow this project ,otherwise a worst is coming. NFA #Write2Earn!

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