The triangle theory says it will exit north because it arrived from the south before it started to form the triangle. This would be in agreement with UJ Seasonality predicting USD to start devaluation period around this time.
Assuming the above said is the case then this could signal the start of the USD devaluation season and confirm the daily BTCUSD triangle to exit north.
Other users publish publish analysis with the yellow descending triangle but then I would expect price to arrive from the north and the triangle would form as it reaches a level of support it is about to break through.
Note the amount of risk I have bottomed at 8888. My analysis published March last year explains why I think these levels are made important by many BTC owners.
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Expecting a reject here.
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Very strong UJ Seasonality opening bell signals today.
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Brutal exit south :) Very likely due to USD devaluation going north on Monday but first today and tomorrow further consolidation around current level, probably on the lower side as bearish sentiment rules when USD is not changing too much.
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Waving around 8888, looking promising lately. Stay sharp. Perhaps I have a better prediction with the one posted later by me.
@BrokeBoi29, Sorry, have missed the notification of your message.Good point. You mean enter a Long position here would be suicide. As it turns out you were right. Still think it will do some upside before a big anticipated drop.