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Eddycurrents
Nov 14, 2017 7:08 PM

Ascending triangle with consistently decreasing support 做空

Bitcoin / DollarBitfinex

描述

Ascending triangle formed during uptrend of a strong bounce but with lows breaking and then reforming support at lower levels. Given long-short skew at this point in time, bears have a longer runway to push for a downtrend.

Intra triangle descending broadening wedge (drawn with curves instead of lines) broke down as MACD on most time frames were dipping.

Moving towards the "cancelled" Segwit2x fork date. The significance of this is unclear - no good dev or mining support, but fork is going to happen anyway because the code has already been deployed. Anyone still holding out for B2x will still get their coins.
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