In this video, where gonna see, how Bitcoin has been changing the leadership role with Ripple:While it saved Ripple during the contracts closing, Ripple afterwards managed to single-handedley drag the whole market higher, including grandpa Bitcoin . Now, that we're consolidating, the leadership is changing hands yet again.
Bitcoin is getting tighter and tighter on the weekly equilibrium, which now has all eyes on watch. Have fun watching! (no pun intended) ;)
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC .
To your question: Equilibriums are in most cases neutral, some lean more towards bullish or bearish (depends on the slope, if it's more descending or ascending)
=> Bitcoin e.g. is right now in a more descending equilibrium pattern, but I wouldn't call it a usual descending triangle, because as you can see, we are correcting non-linear after the huge run-up.
How to spot an equilibrium is very easy: the price range is getting tighter & tigther. On the weekly we can see this perfectly right now, where we have the 6.000 range to the downside, and 7.400 to the upside.