Giant Bullish Flag or Descending Triangle for Bitcoin?
Bitcoin is potentially forming a giant H&S pattern inside of a larger Descending Triangle or Bullish Flag.
In light blue, I have drawn a hypothetical price scenario.
The RSI is breaking the downward sloping resistance of a descending triangle formation.
The KST saw a sharp deviation but has since found itself back into what could turn out as a bull flag or descending triangle.
In Dark Red inside the price pattern is potentially an H&S pattern.
In light blue, I have drawn a hypothetical price scenario.
The RSI is breaking the downward sloping resistance of a descending triangle formation.
The KST saw a sharp deviation but has since found itself back into what could turn out as a bull flag or descending triangle.
In Dark Red inside the price pattern is potentially an H&S pattern.
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Bullish cross now apparent on the KST, updated chart here..
