A descending triangle in BTC
I’ve heard rumors of the triangle
Fitting BTC chart in any sorts of triangles is kinda trendy today.
First - on wide time frame
Second - on shorter daily chart
Third - even shorter time frame
And what are the news articles saying about this?
- BTC is heavy, a correction may be around the corner
- A short-term scenario where there is a possibility of a bullish breakout and a medium-term scenario where the price is showing a bearish bias
- Wait and trade the break of the triangle when it happens
- Right now everyone here seems bearish while I'm still very concerned
- Went long based on everyone being so sure and historic upwards in Sept
- We are in a descending triangle but that doesn't mean Bitcoin MUST follow it
- That horse is going to the glue factory soon. I don't think it is going to break up out of its triangle.
- Descending triangle is a meme. If one whale decides to break rank. It’s done.
- 4h Cup n Handle inside a bigger descending triangle on daily. I'm confused on which will play out
Meme of the day: