BTC Business End of Descending Triangle

24. Juli 2021

Continuation of previous chart (see BTC Calm Before the Storm as linked below). Survived and bounced strongly out of dump to 29k. Pushing out of "fake breakout" trendline. Additional push out of dotted blue line trendline just above (boss fakeout parallel to triangle upper boundary) would serve as a proper breakout IMHO. Wouldn't be surprised by (another) last gasp spike dump prior to pushing up and out. MACD continuing to rollover on 3D through Weekly timeframes towards the upside. Volume still light, keeping a close eye over next couple weeks. Date and and price range indicators from similar section of 2017 cycle included as reference. Not financial advice!