BTC descending triangle support breaks, support down below

2021年3月25日

Yes I know, I've been told that Bitcoin doesn't always follow asset theories, but it sure did this time by breaking through a bearish descending triangle.

Not sure I drew an exact symmetrical triangle triangle but it does help to identify a potential area of support that we can work off of.

2021年3月25日

註釋

Reinforcing this support level.

2021年3月26日

註釋

Confirming support at 51450 but unable to break back into the triangle so far.

2021年3月26日

註釋

And we are back into the triangle.

2021年3月27日

註釋

Rejected off the downward trend line at the top of the triangle.



We'll see if we back track and then break out, or whether we follow the triangle down. I would expect the latter.

2021年3月27日

註釋

Surprise breakout!



Let's see if this holds.