Not always descending triangle breaks downwards. The institutional investors can take this market to new heights soon with Baktt.
dinopiccinin
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@vdubinin, Care to explain why institutional investors are going to come rushing in? People just continue to ignore the massive tether scam and the fact that there's a very very high chance that bitcoin prices had been manipulated
dinopiccinin
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Tether has never shown any proof that there is real money backing it, and there's no telling how much manipulation has occurred/is occurring. Any smart institution would stay away from crypto. Even shorting it is risky since tether can cause an artificial short squeeze.
coolsake
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Great chart. great analysis. Very simple and clear.
Sasquatch_Trader
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The large descending triangle generally breaks downward. Bulkowski documented the stats on this. Look it up and please share.