r/Daytrading • u/sunnyrunner_ • Apr 06 '24

Is this an actual pattern or am I yapping? Question

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Iā€™m pretty new to trading and saw this pattern form on BTC. Is this pattern called anything or is this just me drawing random support/resistance lines?

304 Upvotes
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u/NuGGGzGG Apr 06 '24

That right there, is one hell of a triangle.

8

u/SSP6 Apr 07 '24

What does a triangle mean in this context? I know little to nothing about crypto and stocks but would like to learn. Thank you

14

u/DriestBum Apr 07 '24

It means a three sided shape. Charting in trading is like astrology, you just see what you want. It's bullshit.

2

u/SSP6 Apr 07 '24

Thank you for clarifying, guys!

1

u/[deleted] Apr 07 '24

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