Bitcoin (BTC) Evening Update: Bitcoin Loves Triangles!!

in #dtube5 years ago


In this morning's update, we had a primary pathway for an a,b,c,d,e triangle and a secondary price pathway for an a,b,c retracement. Being aware of these two paths, a lower low should not have panicked anyone but rather keep it far away.

The below chart again adds to the fact that Bitcoin just loves triangle patterns! If it is correct, then this pattern will complete as a bullish downward pointing symmetrical triangle and can be labeled as a,b,c,d,e. Price might want to get closer to the Apex but for now, I'm putting a $12,393 as the retracement target. Let's see what happens in the overnight price action. The pattern might complete overnight, in which case, we could see the price effects of a renewed impulse up.

▶️ DTube

Coin Marketplace

STEEM 0.18
TRX 0.08
JST 0.023
BTC 26956.78
ETH 1871.07
USDT 1.00
SBD 2.13