The ascending triangle has been changed to a rectangle.
Emmmmm, the ascending triangle pattern has been broken, now I transform it into an ascending rectangle.
Firstly, the uptrend supporting line works well this moring, the BTC price drops from 7544 to 7425, then it rises gradually along the supporting line.
Secondly, the BTC price rises from 7500 to 7600 in the afternoon, and it fails to stand on this pressure line and drops to 7550.
At that moment, the price is closer to the lower edge (supporting line) of the ascending triangle, and the supporting line has works three times, the LONG army might think it is not firm enough, so the plunge comes again.
I think there appears a new supporting line which is parallel to the upper edge of the triangle, these two make up a rectangle pattern. I think the price will fluctuate in this rectangle in the following 2 days.
Firstly, the uptrend supporting line works well this moring, the BTC price drops from 7544 to 7425, then it rises gradually along the supporting line.
Secondly, the BTC price rises from 7500 to 7600 in the afternoon, and it fails to stand on this pressure line and drops to 7550.
At that moment, the price is closer to the lower edge (supporting line) of the ascending triangle, and the supporting line has works three times, the LONG army might think it is not firm enough, so the plunge comes again.
I think there appears a new supporting line which is parallel to the upper edge of the triangle, these two make up a rectangle pattern. I think the price will fluctuate in this rectangle in the following 2 days.
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