Warning: New Pattern to Watch For on the Bitcoin Chart!
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#bitcoin #btcusd #crypto #cryptocurrency #chartpatterns #ascendingtriangle Traders, I think this ascending wedge should be something we put on our radar here. With fairly recent bullish price action along with our VERY strong support below, the probability that it plays out is LESS LIKELY than normal, but it does appear that BITCOIN is drawing a BEARISH ASCENDING TRIANGLE here. This may be further confirmation that the HEAD AND SHOULDERS pattern I have drawn in PURPLE will indeed play out and meet it's target down of $20-24k. Remember, I have doubted whether or not this will actually occur all along.
Warning: New Pattern to Watch For on the Bitcoin Chart!
Warning: New Pattern to Watch For on the…
Warning: New Pattern to Watch For on the Bitcoin Chart!
#bitcoin #btcusd #crypto #cryptocurrency #chartpatterns #ascendingtriangle Traders, I think this ascending wedge should be something we put on our radar here. With fairly recent bullish price action along with our VERY strong support below, the probability that it plays out is LESS LIKELY than normal, but it does appear that BITCOIN is drawing a BEARISH ASCENDING TRIANGLE here. This may be further confirmation that the HEAD AND SHOULDERS pattern I have drawn in PURPLE will indeed play out and meet it's target down of $20-24k. Remember, I have doubted whether or not this will actually occur all along.