Given we are in downtrend, I expect it to hit the upper side and bounce down then keep going back down.
Triangle is quite valid, was hit many times.
Continuation triangles are known as continuation as opposed to reversal patterns. The bigger trend seems to be down. But then again, do we take 2 months or 1 year as the grander trend? I guess we will find out.
We are not in a downtrend anymore buddy we broke the overall channel and the downtrend pattern last week. Right now we are probably going to make a higher low to 55k-59k sat and then go up to the next higher high which I aim to be around 69k.
poundkake
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@Nebrokk, I think you are right. Looks like an upward trend channel now. Appreciate the comment.
juraganet
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what news? normal market will retrace a bit to take breathe
akuczera
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@juraganet, Rebranding in 6 days. We will only see a downtrend if btc drops.