BITMEX:XBT   Bitcoin / U.S. Dollar Index
The long term descending triangle ( bearish formation) and a medium term symmetrical triangle (neutral formation) both come to a conclusion rather soon. The shorter term triangle should conclude within the next few days and that break up/down should also finish the longer term triangle.

Outlook is neutral/ bearish . This doesn't mean that the price can't break upwards of course. Within the last few months I have seen many short term ascending triangles ( bullish ) actually break down.

Personally, I no longer see any shape formation as bearish or bullish , rather a 'channel' between 2 resistances - one of which must break!


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