more of a descending triangle which is more likely to break down, the tether manipulation has caused charts on bitfinex to almost look like theyve had a false seizure but we could well fall back into the triangle and breakdown. Nothings for certain and weve seen fake breakouts multiple times in the last couple of months.
yghaderi
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@Movali123, I think sales have reached saturation. Also, these prices are very low of the psychology perspective.
yghaderi
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@Movali123, My English is not very good. I hope that I will transfer my opinion.
horka
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sorry! meant descending triangle*
horka
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isn't ascending triangle a continuation pattern therefore BTC should break below support? just asking?
Weavs844
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@horka, It is pattern that plays out about 70% of the time, but we broke up out of it. I don't really like that triangle myself anyways. But it is all perspective
yghaderi
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@horka, I think that these patterns are formed after a motivated wave.