Ascending Triangle in the making for BTC?
Setup Void if price falls Aggressively below 4050 without proper bounce.
If Setup works, i am looking for 5k+
An ascending triangle is generally considered to be a continuation pattern, meaning that it is usually found amid a period of consolidation within an uptrend, but it may also occur as a reversal pattern...
Its not what you don't know that gets you in trouble. its what you know for sure that just ain't so.
People are sure bitcoin is a joke. I am not an expert so cannot comment if it is or not.
Chart suggests massive upside is all i can say!
bottom point is chart pattern complete and now RSI is so much oversold and also a RSI DIVERGENCE here in say chart......expect 3500$ also weekly candl close just few hour ago now i expect this weekly candel we see green.
Break out of this Triangle will take us to 4050 Region.
Breakdown of this triangle will take us to 3300 zone.
Reason to be Bullish: Strong Support at 3500 zone. Any dip Below 3600 is been bought Quickly with a bounce.
Reason to Be Bearish: Triangles in Downtrends usually Break down.
A Triangle is Forming in BTC chart on 1H.
Breakout of this Triangle will take us to 4900USD
BreakDown with take us to 3500-3600 region Which may very well be the bottom of this Bear season.
BreakDown Chances are higher so keep an eye on it and act accordingly
![BTCUSD: Bitcoin [bullish] anticipating break above $4,485](https://s3.tradingview.com/1/1B2NuE5l_mid.png "Bitcoin [bullish] anticipating break above $4,485")
