BTC Descending Triangle Then vs Now
Updated
Here is a comparison of the descending triangle breakdown in November 2018 compared to the one now in September 2019.
It will be interesting to see if the lower low is put in this time around as it was last time.
It took under 24 hours last time, so using the same time count, we will know sometime after noon eastern time tomorrow.
Also, IF price follows the same path, the local high is in, and its down from here until the lower low... which also should form a bullish divergence on the indicators.. Let's see.
It will be interesting to see if the lower low is put in this time around as it was last time.
It took under 24 hours last time, so using the same time count, we will know sometime after noon eastern time tomorrow.
Also, IF price follows the same path, the local high is in, and its down from here until the lower low... which also should form a bullish divergence on the indicators.. Let's see.
Note
the (all-too-often) kraken wick put in the lower low already. it doesn't look like the other exchanges also put in a lower low, so maybe this wasn't truly it yet? The bullish divergence is there though...just as it was November 2018.It will be interesting to continue tracking this.
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