To my humble opinion here is the chart that reflect past descending and ascending triangles expressing the break downs and break outs .
In the triangle 1 we have the current price action that is expected to break out either in triangle 2 or 2&3 as a protracted base because of the expected resistance around $ 6400.00
These ascending triangle also predict a break out either earlier around early May to the level of $ 6400.00 in triangle 2
The triangle 2 predicts a break out to triangle 4 arround mid July ...
However because the base of $ 6400.00 is expected to be protracted because of the Major Resistance element at that price the triangle 2 could extend till end September and break out into triangle 5 around that date.
The price action in Bitcoin has pretty much followed ascending and descending triangle formations so let us see what comes ahead,
Regards
Basil Paizee
In the triangle 1 we have the current price action that is expected to break out either in triangle 2 or 2&3 as a protracted base because of the expected resistance around $ 6400.00
These ascending triangle also predict a break out either earlier around early May to the level of $ 6400.00 in triangle 2
The triangle 2 predicts a break out to triangle 4 arround mid July ...
However because the base of $ 6400.00 is expected to be protracted because of the Major Resistance element at that price the triangle 2 could extend till end September and break out into triangle 5 around that date.
The price action in Bitcoin has pretty much followed ascending and descending triangle formations so let us see what comes ahead,
Regards
Basil Paizee
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.