BitcoinEducation
BTC 2018 Bear Market meme Triangles
The 2018 BTC Bear Market is littered with these Meme triangles. Despite many CT accounts suggesting they're bullish formations, 75% of them are 'Continuation patterns' See well known educational websites.
The current Triangle we're trading in is arguably a 'Descending Triangle' which is bearish.
Previous formations in this bear market have resolved with a breakdown ~65% of the way to the apex of the Triangle. This would be 24 September 2018.
The current Triangle we're trading in is arguably a 'Descending Triangle' which is bearish.
Previous formations in this bear market have resolved with a breakdown ~65% of the way to the apex of the Triangle. This would be 24 September 2018.
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