Symmetrical Triangle for BINANCE:TROYBTC by Oto_

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Trend Analysis Chart Patterns

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trendanalysis chartpattern

There has been a heavy accumulation last couple of days. Only if BTC would stay relatively stable.

Comment: Just realized this could also be a textbook Diamond Top, be careful. Hopefully symm triangle prevails.

Comment: Exact same moves: ()/FX-DiamondBear2_r-5c0584a9c9e77c00010b1be5

Comment: The chart that's displayed in here:

Comment: According to the Diamond Pattern, we have already broke down. That said, I would consider waiting for the violation of the symm triangle's bottom trendline.

Comment: Battle going on at the apex.

Comment: Triangle has won. This is a clear breakout and the trend is upwards.

Comments

Any new comments after hitting 72 sats? Whats the next short term target?

Vibeman

@Vibeman, It could bounce at 67 and try breaking mid 70s once more. If it fails then it could go down to mid 50s and find a support there, targeting 90.