BTC looking to break out of the Triangle
History has shown that once BTC goes into a large timeframe triangular pattern, the price takes many months
to come out of it.
It can be argued that the BTC price has gone into a triangular pattern at the moment, with the price looking very bullish in the last 3 days.
Ideally, I want the price to break the upper green line ASAP (Pro Shares ETF Date is lined up for 18th Oct), else we risk languishing inside the
triangle potentially for months.
to come out of it.
It can be argued that the BTC price has gone into a triangular pattern at the moment, with the price looking very bullish in the last 3 days.
Ideally, I want the price to break the upper green line ASAP (Pro Shares ETF Date is lined up for 18th Oct), else we risk languishing inside the
triangle potentially for months.
Weekly Close is going to be important here.
Weekly close above the triangle is going to be very bullish.