BTC - The Triangle Continues....

I've been watching this triangle for some time now. I find it interesting that point E should coincided with the next EFT decision. Will this be the catalyst to finally break North or the catalyst to final capitulation?

Commentaire:

Prediction - If this pattern completes as drawn it may get there by continuing to decline below $6600, then climb back up to the previous high around $6800 creating a "Double Top" followed by a collapse through the bottom of the triangle.

Just speculating here, but I could that playing out. For this pattern to be true it has to get there somehow and that's as good a way as any.

Commentaire:

"could see that playing out" - I think faster than I type. :0)

Commentaire:

Going back to my Sept. 24th comment the price did drop below $6600 and touch $6800 at point E to create a short term double top and complete the triangle pattern. Now all that is left is the breakout. Another attempt was made to break North but was rejected by the top of the triangle again. The wait continues......

Ordre annulé