In the last days we are seeing bulls fighting bears on the edge of the Downtrend Line 1, that forms the downtrend side of a bearish triangle.
We should note that, to produce its fully effect, a triangle must break around half and 3/4 quarters of its size. In the case of a bearish triangle, a break down must occur beetween these marks. In the last analysis, I demonstrated that BTC surpassed these levels. From then on, triangles loses strenght as a technical pattern.
What I mean is that, from now on, a break up of the downtrend line 1 is less unlikely.
We should note that, to produce its fully effect, a triangle must break around half and 3/4 quarters of its size. In the case of a bearish triangle, a break down must occur beetween these marks. In the last analysis, I demonstrated that BTC surpassed these levels. From then on, triangles loses strenght as a technical pattern.
What I mean is that, from now on, a break up of the downtrend line 1 is less unlikely.
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