Contrary to popular opinion, a descending triangle actually breaks out upwards 53% of the time. This is according to Bullkowski and his patternsite.com
Could Bitcoin be next?
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also please not, according to bullkowski, "If price rises into the pattern it breaks out upward 63% of the time."
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A new local bottom could be in, in my opinion. I am at home now but will update when I get to my computer.
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here is how i see the future playing out, let us see~!
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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.