Descending Triangle Breaks Bearish Accept For 40% Time Bullish

6 Eki 2022

We usually think of descending triangles are bearish patterns as there is a 60/40 change in favour of the bulls. Accept one very notable time when sentiment from many analysts were expecting a 10K Bitcoin back in 2021, and we broke bullish to a new all time high. We have a similar pattern emerging now. Me thinks more likely to break bullish in the next week.