Short term ascending triangle reaching conclusion. Ascending triangle would assume bullish posture but BTC could do anything! Taking (roughly) the height of the triangle and assuming it breaks soon; here's the upper and lower targets!
Note
It broke downwards from the triangle but not with any real vigor. I believe this could still in fact go to the higher bullish target; simply causing a shorter term bear trap.Note
Following my last comment.Note
Triple bullish div on the one hour and until this area in green breaks it could still turn up. As stated before, I don't believe the original triangle broke down hard enough for it to end up at the lower targets.
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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.