BTC fell out of the triangle briefly earlier. Someone bought it up back inside. Who buys under a triangle except for exchanges trying to rescue the price?
VincePrince
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Thanks for sharing your idea
schabacker_idol
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@VincePrince, Nice to see that you are into Elliot Wave Theory. Remember, patterns change! The old school chartists; Schabacker, Edwards and Magee gave you an easy way to calculate the target price from that triangle and this setup is playing out exactly according to that strategy. Follow their advice! I've set target price for 6868. I think we might see some "dead cat bounces" but not up to the triangle supportline. This is loss of confidence for the underlying financial instrument.