BTC - Ascending Triangle Hook (targets 50.4k, 51.7k)

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One thing that has stood out as a pattern time and time again ever since BTC has shown signs of recovery is the ascending triangle hook pattern.

It starts with a normal ascending triangle, then breaks the support in a large red candle and consolidates. After a few sideways candles, appearing as a bear flag, it promptly shoots up and breaks the ascending triangle's resistance, forming a "hook".

Often times, you can see multiple of these within the same ascending triangle, with the hook just creating a deeper ascending triangle if it fails to break resistance.

On the chart, you can see two of these hooks, but the current hook has a good chance of breaking resistance.

Targets for hooks and breakouts are fibonacci extensions.
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Looks like it just wants to reverse
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Still intact, although ETHBTC is suffering.
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Hook has arrived.
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First target was reached, second didn't make it.
Ascending TriangleFibonacciFibonacci ExtensionTrend LinesTriangle

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