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

3 answers

• DataNerdNoneUseMay 31, 2021 · 5 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.
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• Subhashree JenaApr 20, 2023 · 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.
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• Jyothis KDec 20, 2022 · 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.
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