Bitcoin Triangle 50%/50% or NOT?

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Entry point:
After the price closes outside of the pattern

Intersection:
Candles completely fill the channel of the figure without empty space

Touches:
The price touches the resistance and support lines, at least two times each

Confirmation:
The pattern is confirmed when the price closes outside one of the trendlines

Breakout chance:
55% - Upward/45% - Downward

Support/Resistance:
After the price closes outside the pattern, the support or resistance line may become a mirror level

Important NOTE!
The status of the market inclines us toward a bearish scenario. Remember, a bear market often shows us false breakdowns.

Penafian

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