luigi1977
Long

Falling wedge pattern

COINBASE:BTCEUR   Bitcoin / Euro
Bitcoin forming a falling wedge pattern (or bullish pennant ). High probability of breaking the trend.
~2 weeks to new ATH .
You know, the Descending Wedge is an indicator of a bearish reversal, right? There's nothing bullish about it.
Reply
VanBenno VanBenno
@VanBenno, You're thinking of a Symmetrical Triangle. That's the bullish one. Descending, as you pointed out here, is always bearish. And the chart you drew indicates that the bottom for the correction should be at around 4k (usd).
Reply
luigi1977 VanBenno
@VanBenno, we will see :)
Reply
luigi1977 VanBenno
@VanBenno, wanna bet?
Reply
VanBenno luigi1977
@luigi1977, Bet on what the definition of a descending triangle is?
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