Bitcoin
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Symmetrical Triangle for BTC?

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Ideally an ascending triangle pattern would be more bullish for the crypto market, but the symmetrical triangle also makes perfect sense in that the lack of interest in the market may force a much more side way movement in the market. At the same time, it would be foolish to discount the ascending triangle pattern with the halving less then 6 months to go. In terms of the length of the correction and price action goes, if the price fails to keep pushing up from here and put in a 5 way up from this leading diagonal and makes another newer low it would be safer to bet that we would be putting in another lower low after the lower low, bottoming around 5200~5500 where there are tons of confluence. If we do make a newer low in the next couple weeks around 6200, the chance of the symmetrical triangle in the next 8 months would be the more likely case. Same as the ascending triangle pattern, this side way type of correction in the next 8 months gives the alts a great opportunity to regain some ground against the BTC before BTC decides to start pumping to the moon.

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