Long
Descending Triangle BTT BiTTorent
BTT breakdown the symmetrical triangle to form what appears to be a descending triangle which is a bullish pattern in that situation. Will see how BTC will retrace... but next wave (5) would go test the roof and might break up. Also RSI is now in in oversold territory and Stoch indicating we will soon have a push up. In the 3 hours chart is a little ugly cos we have both EMA and MA 200 in a resistance position around, first resistance EMA 200 positionned at 0.008441
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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.