BTC (Y20.P5.E11).Don't you know about BTC triangles?

٢ ديسمبر ٢٠٢٠

Hi All,

Looking at a few signs, I'm confident we will be having a ranging price action which will be some sort of large bullish pattern.
The possibilities are:

a) 1st on the list, a ascending triangle
b) W formation
c) wedge reversal formation
d) channel
e) inverted H & S

Note the EMA (50,100) blue ribbon has confluence with this thesis, acting as support.

I'm leaning with a) so far it fits the model.


All the best,

S.SAri




Note the RSI.



4 HRLY chart., Note the RSI giving us clues.


Note the fractal with the dump and bounce



NOTE MY MACRO CHART

٢ ديسمبر ٢٠٢٠

ملاحظة

such things like a triangle, have a major wedge inside it.? we will know soon

٢ ديسمبر ٢٠٢٠

ملاحظة

From here to the top blue area...if it goes above, then its likely to go higher but can it hold... don't think so.