End of descending triangle? It will be decided NOW!

Bitcoin / Tether USDPoloniex

Description

⋅ Oct 6, 2018 11:23 AM

(Using USDT to keep mu USD chart layout)

We are reaching the end the triangle resistance. Will be break out up or down? If up, this might be very bullish. If down, there is still some room to remain in the triangle for bearish movement towards 4900 USD.

Trend Analysis

Comments

sr5

⋅ Oct 13, 2018 12:14 PM

the price perfectly stayed within the triangle, just extending it's fate a little bit
next stop: 6450

sr5

⋅ Oct 6, 2018 12:05 PM

Forgot to mention there's a good 5800 resistance level which might keep us from going down to 4900 if no breakout.

[grabs popcorn]