BitcoinLong
Bitcoin Price Prediction Technicals- A Clear Ascending Triangle
The ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns
Is ascending triangle bullish or bearish?
The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows
With the Fundamentals super bullish and Fear & Greed diminishing the sideways action of BTC is looking like it will break to the upside with many signs pointing to mid 16k levels. Time frame; withing NEXT 20 Hours.
Mr Pine
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Cheers
"The Universe likes speed"
Is ascending triangle bullish or bearish?
The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows
With the Fundamentals super bullish and Fear & Greed diminishing the sideways action of BTC is looking like it will break to the upside with many signs pointing to mid 16k levels. Time frame; withing NEXT 20 Hours.
Mr Pine
Follow and Share your Ideas
Cheers
"The Universe likes speed"
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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.
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.