Updated

BTC descending triangle support breaks, support down below

Yes I know, I've been told that Bitcoin doesn't always follow asset theories, but it sure did this time by breaking through a bearish descending triangle.

Not sure I drew an exact symmetrical triangle triangle but it does help to identify a potential area of support that we can work off of.

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Reinforcing this support level.

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Confirming support at 51450 but unable to break back into the triangle so far.

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And we are back into the triangle.

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Rejected off the downward trend line at the top of the triangle.

We'll see if we back track and then break out, or whether we follow the triangle down. I would expect the latter.

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Surprise breakout!

Let's see if this holds.

chillcrypto

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chillcrypto

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