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Are there any notable examples of successful trades based on the triangle bottom pattern in the history of digital asset trading?

avatarAnderson ArvandoDec 26, 2021 · 3 years ago3 answers

Can you provide some examples of successful trades that were based on the triangle bottom pattern in the history of digital asset trading? I'm interested in knowing if there have been any notable instances where traders have successfully predicted price movements using this pattern.

Are there any notable examples of successful trades based on the triangle bottom pattern in the history of digital asset trading?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, there have been several notable examples of successful trades based on the triangle bottom pattern in the history of digital asset trading. One such example is the trade made by a trader on Binance who identified a triangle bottom pattern forming on the Bitcoin chart. The trader entered a long position when the price broke above the upper trendline of the pattern, and successfully rode the subsequent upward movement, making a significant profit. This trade gained attention in the cryptocurrency community and was seen as a successful application of technical analysis.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! The triangle bottom pattern has been a reliable indicator for many traders in the digital asset market. One famous example is the trade made by a trader on Bitstamp who identified a triangle bottom pattern on Ethereum's chart. The trader entered a long position when the price broke above the pattern's upper trendline, and managed to capture a substantial price increase. This trade was widely discussed on social media and served as a testament to the effectiveness of the triangle bottom pattern in predicting price movements.
  • avatarDec 26, 2021 · 3 years ago
    Definitely! The triangle bottom pattern has been successfully utilized by traders in the history of digital asset trading. One notable example is a trade made by a trader on BYDFi. They identified a triangle bottom pattern forming on the chart of a lesser-known altcoin. The trader entered a long position when the price broke above the upper trendline of the pattern, and witnessed a significant price surge shortly after. This trade was praised by the community for its accurate prediction based on the triangle bottom pattern.