In my previous post i talked about #BitcoinForPresident potentially trading in a Bullish Flag or Ascending Triangle, the bull flag ripped to the downside almost immediately after posting, but the ascending triangle on a larger time frame may play out perfectly.
I've extended the green upward sloping trendline that was once a symmetrical triangle / pennant pattern, and adjusted it downward slightly, and a perfect ascending triangle / bullish flag pattern is noticeable.
Linked to this post is where I mentioned the ascending triangle the other day, now that a few days have passed it's more clear on a larger time frame.
As the primary and secondary tops are not equal and forming a horizontal boundary this is an asymmetrical triangle.
Ryanc8840
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I actually noticed this myself yesterday after the shit started hitting the fan. I first noticed it in the 1 day chart then I broke out the 4h and squeezed it together and it’s pretty clear there is an triangle forming. Hope it plays out because if not this could get ugly in the next week.
ScotianBot
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@Ryanc8840, I agree. It's a marathon though, but short term could get wrecked.