BITCOIN - Broken the mainly resistance
We are facing BITCOIN slowly broking the mainly resistance and this fact represents more than just keep the price, it shows that the fear are reducing and the traders want to stay in buy position. The Descending Triangle is the next pattern that needs to be broken to confirm that the bulls came back to control. As I said in others posts, the Descending Triangle is a classic bear's pattern but we are seeing the price walking in sideway, first broking the mainly tendency's line and now, probably broken the border's triangle, showing that we are in a accumulation phase.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.