Symmetrical triangles usually breakout in the direction of the trend which in Bitcoins case is down. Bitcoin initially dropped through the bottom of the symmetrical triangle only to bounce hard the other way on volumes not seen since April. A failed breakouts is a strong indicator. Bitcoin should climb higher.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.