BTC in a triangle, but which one?

Feb 16, 2020

Some of my ideas point to triangle #1, others to as low as triangle #4. I think the RSI will help in determining how low price will go.

Some analyst believe that the trendline #1 cannot be violated because it never has been violated. I believe that it should be violated so that price action fits the longterm logarithmic growth pattern that hasn't changed since the inception of bitcoin.

Mar 9, 2020

Note

probable daily close under triangle number 1.

Mar 12, 2020

Note

now clearly in triangle #2, got support of the 200 weekly ema

Mar 16, 2020

Note

now got support from triangle #3.