Bitcoin May Have Entered a Triangle

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Most of the time when Bitcoin hits the descending trend line it is heading for now, it falls. We observed a positive break out earlier today but the question is, will the recent trend repeat and we see another upward break out, or will the longer term trend repeat and the price will slide?

Watch for the indicators to provide more direction as we get closer to this upcoming corner.

If the triangle holds up (probably will) I expect that Bitcoin will react when it arrives in the corner.

$BTC $USD Coinbase
Comment: Bearish pattern is emerging from the bear flag.
Comment: Looks like the pattern shifted into a mini-bull flag, so I'm calling this. It looks more likely to go up than down in the next 2 hours.


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