thekevin

Short Term Ascending Triangle

BITMEX:XBT   Bitcoin / U.S. Dollar Index
Short term ascending triangle reaching conclusion. Ascending triangle would assume bullish posture but BTC could do anything! Taking (roughly) the height of the triangle and assuming it breaks soon; here's the upper and lower targets!
Comment: It broke downwards from the triangle but not with any real vigor. I believe this could still in fact go to the higher bullish target; simply causing a shorter term bear trap.

Comment: Following my last comment.

Comment: Triple bullish div on the one hour and until this area in green breaks it could still turn up. As stated before, I don't believe the original triangle broke down hard enough for it to end up at the lower targets.

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