BTC descending triangles with a possible strong upward breakout

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If it follows its wave pattern, upward breakout is highly probable. That last bounce off weekly S (red line) is also positive move.

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ملاحظة

Ignore the strategy panel :) This is just some crap I forgot I had running on this chart.

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ملاحظة

Because all sorts of triangles and sloped lines fail when when markets moves sideways, I added a yellow box to mark the important area. Call it the decision zone, if you like.

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ملاحظة

IF you noticed, there is also a nice little #Gartley Pattern on this chart

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ملاحظة

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ملاحظة

Gartley worked out nice.



There is the top edge of the descending triangle (A), market seems to follow religiously but the vertex is not that far any more.

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ملاحظة

Triangle "A" is the one that market keeps "following" at least for now. "W" is still there

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