Rules of Descending Triangles. Is Bitcoin in One?
Updated
It seems to me, based on the rules posted in the chart, we are in a clear bearish continuation descending triangle.
Red Boar
Red Boar
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Rising wedge on declining volume....love tap on the .618 retrace line....what more could a bear ask for? Comment
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Price rejected off of 25 MA weekly and down trend line perfectlyComment
Here is a smaller descending triangle I am watching...expecting a breakdown Comment
WOW! What a perfect chart this ended up becoming...volume is back and its time to short the ponzi bitcoin to the dirt...get ready fellas its going to be a hard ride down!
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