Fake-out of an Ascending Triangle for BTC?
It appears as though Bitcoin has pulled a fake-out to the upside of an ascending triangle but has found support on the blue upward sloping support of the pattern..
On the RSI there's clearly a lower high after lower high since BTC reached ATH's forming a descending triangle pattern, but the downward sloping resistance is on the verge of being breached to the upside.
On the KST there's a bullish cross where I've placed the blue downward pointing finger.
Every time BTC has broken the horizontal resistance to the upside there has been a swift rejection by the bears.
I have placed red downward pointing fingers displaying how often this has taken place to put things into perspective.
On the RSI there's clearly a lower high after lower high since BTC reached ATH's forming a descending triangle pattern, but the downward sloping resistance is on the verge of being breached to the upside.
On the KST there's a bullish cross where I've placed the blue downward pointing finger.
Every time BTC has broken the horizontal resistance to the upside there has been a swift rejection by the bears.
I have placed red downward pointing fingers displaying how often this has taken place to put things into perspective.
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