Simply a beautiful structure in a time of destruction
Good evening traders.
Mid term time frames are uncertain for BTC this we all appreciate right.
That being said, crickey look at this beauty!
This really is a beautiful example of a bullish triangle within an overall bullish triangle.
Geometrically, technically, visually. Its a very powerful bullish structure.
Ultimately if BTC breaks into new lows this beauty of a structure is in jeopardy.
However, once the current squeeze in BAT price expands we will likely see a retest of the lower ascending trend line.
Triangles usually break upon a third bounce from the trend line. Were currently 2 for 2 its anyones games.
There is one issue with this - The Bearish targets project BAT price to leave the ascending trendline that it has been following since March 18 2018.
If this occurs bulls will be bleeding.
All eyes on BTC, ETH and LTC
Peace, love and all that good stuff.
Mid term time frames are uncertain for BTC this we all appreciate right.
That being said, crickey look at this beauty!
This really is a beautiful example of a bullish triangle within an overall bullish triangle.
Geometrically, technically, visually. Its a very powerful bullish structure.
Ultimately if BTC breaks into new lows this beauty of a structure is in jeopardy.
However, once the current squeeze in BAT price expands we will likely see a retest of the lower ascending trend line.
Triangles usually break upon a third bounce from the trend line. Were currently 2 for 2 its anyones games.
There is one issue with this - The Bearish targets project BAT price to leave the ascending trendline that it has been following since March 18 2018.
If this occurs bulls will be bleeding.
All eyes on BTC, ETH and LTC
Peace, love and all that good stuff.