Bitcoin / TetherShort
Ascending triangles
Current price action already forming 3 swing high and 2 swing low. Price at lower trendline.
My opinion BTC is in later phase of distribution. Triangle is a continuation pattern, major pattern prior was downtrend (lower high and lower low).
A fourth or fifth swing high inside triangle is possible, or a breakout from lower trendline downward is possible too. According to rsi and moving averages the latter is more likely.
Ps : no hate, not fud, just TA
TA is not holy grail but if you dont do it on your own you tend to lose money
My opinion BTC is in later phase of distribution. Triangle is a continuation pattern, major pattern prior was downtrend (lower high and lower low).
A fourth or fifth swing high inside triangle is possible, or a breakout from lower trendline downward is possible too. According to rsi and moving averages the latter is more likely.
Ps : no hate, not fud, just TA
TA is not holy grail but if you dont do it on your own you tend to lose money
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