I have found something very intresting in the BTC pattern. It seems that we retrace after every uptrend back to the 0.718 zone (blue zone) of the fibonnaci levels.
Using this I have predicted the further trend of BTC. If I use this trend, it seems we are forming a rising wedge, wich is bearish. The target after breakdown of the wedge would be at the start of the wedge, between the two brown lines.
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The triangle still hold significance. BTC is now testing the lower suport line of the triangle. If this line holds, I expect an upwards movement towards the 6800 level.
If it fails, I expect a drop towards the brown support zone.
Your TA is fundamentally wrong, there is no divergence, look at the wicks... the line between them is convergent. And for divergence/convergence with an indicator those have to be taken as points for the trend line.
skelart
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@dklug8, if this is a simmetrical triangle.... a square is a circle