BitcoinLong
Ascending triangles measured move targets
Monthly candles on the historical chart have created a long term ascending triangle pattern with measured move targets of 138K on the longest triangle from near the charts beginning to the current top resistance of approximately 69k.
Shorter term triangle measured move target 120k = white line support near 50k + top resistance line.
The volume has been negatively diverging since the beginning but the price continues higher. You can see both the top and bottom of the prices turning points by examining the volumes support and resistance levels.
Shorter term triangle measured move target 120k = white line support near 50k + top resistance line.
The volume has been negatively diverging since the beginning but the price continues higher. You can see both the top and bottom of the prices turning points by examining the volumes support and resistance levels.
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