mmsantos.br

BTC: break up of the bearish triangle less unlikely

BITSTAMP:BTCUSD   Bitcoin
In the last days we are seeing bulls fighting bears on the edge of the Downtrend Line 1, that forms the downtrend side of a bearish triangle.

We should note that, to produce its fully effect, a triangle must break around half and 3/4 quarters of its size. In the case of a bearish triangle, a break down must occur beetween these marks. In the last analysis, I demonstrated that BTC surpassed these levels. From then on, triangles loses strenght as a technical pattern.

What I mean is that, from now on, a break up of the downtrend line 1 is less unlikely.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.