BTC in a triangle, but which one?
Updated
Some of my ideas point to triangle #1, others to as low as triangle #4. I think the RSI will help in determining how low price will go.
Some analyst believe that the trendline #1 cannot be violated because it never has been violated. I believe that it should be violated so that price action fits the longterm logarithmic growth pattern that hasn't changed since the inception of bitcoin.
Some analyst believe that the trendline #1 cannot be violated because it never has been violated. I believe that it should be violated so that price action fits the longterm logarithmic growth pattern that hasn't changed since the inception of bitcoin.
Comment
probable daily close under triangle number 1.Comment
now clearly in triangle #2, got support of the 200 weekly emaComment
now got support from triangle #3.
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