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kingzofu
Sep 6, 2018 1:40 PM
Bitcoin Descending triangle = 70% bearish bias/30% bullish bias
BITFINEX:BTCUSD
1D
Bitcoin / Dollar
Bitfinex
Description
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Sep 6, 2018 1:40 PM
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Beyond Technical Analysis
Comments
TeunisDokter
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Sep 6, 2018 2:38 PM
You are reading the chart correctly. We'll have to wait 3 months to know what the market concludes. I see 2 scenario's:
1) Bullish: break through descending triangle
2) Slow-bleed on the downside of the triangle to 2000- 4000 BTC/USD in december.
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1) Bullish: break through descending triangle
2) Slow-bleed on the downside of the triangle to 2000- 4000 BTC/USD in december.