#BTC Ascending -Symmetrical -Descending Triangles.. Which one?
It looks like BTC has formed a "Triangle Pattern".
Symmetrical Triangles are either Bullish or Bearish
An Ascending Triangle will break out into a long position on a break above resistance.
A Descending Triangle will enter into a short position on a break below the support line.
As we progress, we will see what theory plays out..
Comment what you think will happen
Picture Below with Triangles
prnt.sc/13ldk69
Symmetrical Triangles are either Bullish or Bearish
An Ascending Triangle will break out into a long position on a break above resistance.
A Descending Triangle will enter into a short position on a break below the support line.
As we progress, we will see what theory plays out..
Comment what you think will happen
Picture Below with Triangles
prnt.sc/13ldk69
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.