BTC/USD 4h Chart- Descending Triangle Pattern
An interesting moment in which the triangle closes and the price should go up or down. In the textbooks it says that in a descending triangle, the price has to collapse, but will it happen?
Unfortunately, I do not have mantic abilities. But what I have seen over the years at BTC does not happen this scenario for the first time. I compare between 2014 and today 2018.
https://s3.tradingview.com/7/7hemvEpD_big.png
This situation is clearly visible here. In 2014, contrary to a descending triangle, the price gets a bullish trend and goes up.
I let you know what will happen in the future. If he considers contrary to expectations the price to go up "as I think it will happen" Give a thumb up.
Thank you, I appreciate it
Unfortunately, I do not have mantic abilities. But what I have seen over the years at BTC does not happen this scenario for the first time. I compare between 2014 and today 2018.
https://s3.tradingview.com/7/7hemvEpD_big.png
This situation is clearly visible here. In 2014, contrary to a descending triangle, the price gets a bullish trend and goes up.
I let you know what will happen in the future. If he considers contrary to expectations the price to go up "as I think it will happen" Give a thumb up.
Thank you, I appreciate it
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