Bitcoin

Potential Ascending triangle possibility with an apex in april

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want to see some more confirmation on this one before I'm a 100% convinced but as of now that's the bigger picture. we can see how price action also came up exactly to the teal horizontal line and found resistance further proving the validity of that trendline as it has so many times before. we should break above it soon but not so sure if we'll be retesting the top trendline of the purple ascending triangle on this leg up or if we will turn back around and retest the bottom trendline first. Gonna potential take a lot of sideways here before we find out, if we see a breakout much sooner than very end of march/beginning of April then the ascending triangle may not be the pattern afterall. We'll see what happens soon enough. It would make sense to consolidate her in a long ascending triangle however if the candle from a couple days back was indeed the final capitulation candle. That for now is still up in the air but it very very likely could have been...unless his next weekly candle is the real capitulation candle..for now odds favor the previous weekly candle as the capitulation candle. It is key that we get back above the weekly 200ma in the next couple weekly closes or at least hold support on the 50 monthly ma just below that.

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