In the last days we are seeing bulls fighting bears on the edge of the Downtrend Line 1, that forms the downtrend side of a bearish triangle.
We should note that, to produce its fully effect, a triangle must break around half and 3/4 quarters of its size. In the case of a bearish triangle, a break down must occur beetween these marks. In the last analysis, I demonstrated that BTC surpassed these levels. From then on, triangles loses strenght as a technical pattern.
What I mean is that, from now on, a break up of the downtrend line 1 is less unlikely.
Nice well thought idea! Interesting to hear about the triangle losing effect the further we stay in it. Thanks for sharing actual knowledge and facts and not just your "feelings" like other people.
mmsantos.br
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@andre4444, You can read about triangle losing effect on Technical Analysis of Stock Trend, by Magee and others. Cheers.