Cryptolover333

update on ascending triangle

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We could have hit the bottom already if we move the line a bit, but I want to warn you that we could also have a bearish pennant formation if we make resistance on the purple line (it would be a Symmetrical triangle if is longer than 3 weeks but is only 2 weeks long for now), so anything can happen here right now, if we break this down we could see serious consequences, fingers crossed.

Comments

Really enjoy your chart analysis, thank you.
+1 Reply
@MLH1981, Thanks a lot for you comment, you are welcome.
Reply
Much as I'd like to be optimistic on BTC price, I think we've got a rocky road ahead for the next month or so. Still confident we see new ATHs by end of year/start of next year but retail still spooked and seems like not a lot of new money coming in to the market. Michael Saylor alone cannot do it ;-)
+1 Reply
Cryptolover333 adamrudd23
@adamrudd23, No worries, I am almost 100% sure that we didn't hit the real top yet, and the top at the moment is over $150,000, I will post an amazing idea this weekend about an historic weekly chart and some indicator that indicate the top is not hit yet, had been always correct in the pass.
Reply