condoism

Descending Triangle 15m watch. No trade advised.

BINANCE:BTCUSDT   Bitcoin / Tether
I never feel comfortable with 15m charts, but the pump today spiked so fast that it required a closer look . I'm staying neutral here, but it's worth watching. I'm hedging with XRP.


The descending triangle is another continuation pattern, but this triangle is a bearish pattern and is usually created as a continuation during a downward trend. Occasionally it can be seen as a reversal during an upward trend (the opposite of the ascending triangle pattern), but it is considered to be a continuation.
I wonder your read on the ongoing activity...
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