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RE: Bitcoin Update - Look What We Have Here! (It's a Triangle)
I like the analysis.. Depending upon how you look at it, there are triangles inside of triangles. New floor is $10,136 in the current symmetrical triangle. Most probable course is down again.. also corresponds with futures expiration which would be the time it would be most advantageous to have BTC at a low.. Also thank you so much for the mention.. I appreciate it and will do the same and follow.. You can check the market report of the day on my blog.. not going to link drop out of courtesy to what you have going on.. thanks again for the mention...
Thank you very much @pawsdog :-)
Yeah that's very true, there are quite often smaller triangle inside larger ones. Someone else mentioned futures expiring tomorrow, so that could certainly be playing a part.
No problem! I will be sure to have a look at that post too.
Thanks, I appreciate it.. We shall see if it has an impact on the price.. .