Possible Ascending Triangle Pattern Forming on Bitcoin Chart
The combination of hash ribbon buy signal and ascending wedge could propel Bitcoin far past the all time high around 20k. We see these all over the charts in Bitcoin. They have a high probability of breaking to the upside.
Could also be a Wykoffian reaccumulation pattern.
It's less likely the case but it could be a Wykoffian distribution pattern.
Prepare for liftoff...
Peace, Love, & Crypto,
B166ER
Could also be a Wykoffian reaccumulation pattern.
It's less likely the case but it could be a Wykoffian distribution pattern.
Prepare for liftoff...
Peace, Love, & Crypto,
B166ER
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I'd like to add that IF this is an ascending triangle it could break anytime between NOW and the end of the year in a couple of weeks. They often break before reaching the end of the pattern.
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Well that was quick! I had a originally drawn this with the breakout occurring overnight. I had a sneaking suspicion it would break overnight because price was hugging the ATH closely...seemed that someone was chewing through the order book.
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HIT THE PLAY BUTTON!!!!
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
―The Oracle
