DASH/BTC also needs to breakout and after that the price of Dash won't be affected by Bitcoin dumps so hard. Will update this idea when the breakout happens.
Table of contents
- Bitcoin Descending Triangle
- Some Descending Triangles Are Powerfully Bullish
- Leigh Drogen
- Bitcoin Sell-Off Triggers Classic Bearish Reversal Pattern; $20K Next? |
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Bitcoin Descending Triangle
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Some Descending Triangles Are Powerfully Bullish
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This is why billion-dollar companies are building on VeChain 7 hours ago. As far as I can see, there is no indication whatsoever if the price will go up or down after the moving average price meets the currently traded price. Haha, don't pay attention to anything other than the overall triangle shape.
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That is all I am referring to there. The rest is noise. If you click that link about the odds for certain patterns, that guy has done thousands upon thousands of simulations and tests on specific setups to get some kind of percentage expectations.
Leigh Drogen
How accurate it actually is is up for debate. Interesting though. I won a stock trading competition when I was studying in the business college I got the best profits with exactly the cash amount we were given to spend.
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Bitcoin Sell-Off Triggers Classic Bearish Reversal Pattern; $20K Next? |
Explore communities…. Bitcoin is in a Descending Triangle Pattern, which is actually bullish! Bitcoin is in a Descending Triangle, but that is actually a bullish pattern Bitcoin has been flagging for some time now, about 3 months to be precise. Why do I say this is a bullish pattern then? Well, it's pretty simple actually, that's what the facts support.
Both instances of descending triangle nailed their respective targets based on the measured movement inside the pattern itself. Targets of descending triangles are found by taking the highest point of the triangle, and measuring to the horizontal baseline support. Ascending and symmetrical triangles are measured in a similar manner. Bulls will need to defend the level to resume the uptrend, or bears will have the chance to keep pushing prices lower, potentially back into a downtrend as was the case in