Notice how the last time after the triangle broke 11, Moses drove the Jews across the desert on paper for 40 years, and the price moved along a secondary downtrend line for 40 days. So now they can introduce uncertainty for a while through sideways movement.
Naturally, after 40 days of uncertainty on the 21st, a breakthrough began from the zone of 9000 thousand dollars (9). Move + 33% to the maximum on day 12. Also think about why it was so important to show on day 12 - 12,000 thousand dollars on the chart (12-12). Do not think, from the point of view of monetary interest, who controls the price of a given asset, he is not interested in money.
After exiting the sideways range and reaching 12 thousand in 33 days from the zero point, the price found itself in a potential reversal zone. Now 23. A triangle has formed.
Let me remind you that now the price is below the local of the uptrend and at the same time above the secondary trend of the downtrend. Which acts as the strongest support. In this price zone, it is very beneficial to chat about price, instilling uncertainty in the crowd. Then they will make a price movement contrary to the expectations of the majority that will form.
If they decide to draw an upward , the height of the flagpole is 33%.
If triangle local targets - base width 16%
Who understands, I shake hands virtually. 1318
+ 8.88% from the reversal zone in the local ascending channel, as shown. Enters the second reversal zone.
1) People adherents of price growth. - 31%
2) People are adherents of falling prices. nineteen%
3) For lateral price movement in the range of 10-15% (doubt) 50% of people.
In order for the price to rise, you need to make sure that most of those people who doubt become supporters of the fall.