http://analystnotes.com/graph/quan/chart-pattern10.gif
Hi guys! According to my research this is a Bearish sign.
We were in a down trend before forming this triangle or wedge. If this plays out, it is a continuation of a downward movement.
If we had been up trending into this Triangle, we would break out upwards.
Be warned as i have said in previous charts BTC is not playing friendly to TA right now. Manipulation is at play and we could have a break out upwards instead. Best wishes
Hi guys! According to my research this is a Bearish sign.
We were in a down trend before forming this triangle or wedge. If this plays out, it is a continuation of a downward movement.
If we had been up trending into this Triangle, we would break out upwards.
Be warned as i have said in previous charts BTC is not playing friendly to TA right now. Manipulation is at play and we could have a break out upwards instead. Best wishes
