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$BTC in Descending Triangle on Log Daily Chart
It is now clear BTC is in a descending triangle with at least two points of touch along each trendline. Descending triangles break down 64% of the time, but in cases where the price rises into the pattern (less common) as occurs here, a break up occurs 73% of the time. If BTC breaks out, it will have a target of 18000-20000 depending on the breakout price. The descending triangle is one of the strongest patterns, with price meeting the target 83% of the time on upward breakouts. Read more here: thepatternsite.com/dt.html
BTC is in a descending triangle with at least two points of touch along each trendline. Descending triangles break down 64% of the time, but in cases where the price rises into the pattern (less common) as occurs here, a break up occurs 73% of the time. If BTC breaks out, it will have a target of 18000-20000 depending on the breakout price. The descending triangle is one of the strongest patterns, with price meeting the target 83% of the time on upward breakouts. Read more here: thepatternsite.com/dt.html
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.