So i am kind of having a conflict the exact convergence formation btc is currently having on the lower TF because i am seeing a symmetrical triangle on the candle pattern and an ascending triangle on the RSI... This stuff can be confusing sometimes ..LOL!
Well whichever one ,they both share same characteristics of an ascending lower trendline(higher lows showing that the buyers are more aggressive than the sellers) with a slight difference of flat upper trendline in the case of an ascending triangle while the symmetrical has a descending upper trendline...anyway, the bottom line is that they both signifies the continuation of an uptrend that was truncated half way.
So i will be expecting a likely breakout up to about 48-49k or even more if my vision is actually correct...LOL! (Just hope i am not seeing what my brains is telling me to see)
Well whichever one ,they both share same characteristics of an ascending lower trendline(higher lows showing that the buyers are more aggressive than the sellers) with a slight difference of flat upper trendline in the case of an ascending triangle while the symmetrical has a descending upper trendline...anyway, the bottom line is that they both signifies the continuation of an uptrend that was truncated half way.
So i will be expecting a likely breakout up to about 48-49k or even more if my vision is actually correct...LOL! (Just hope i am not seeing what my brains is telling me to see)
