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Three words for the same thing. It's a chart pattern where the price fluctuates in a range that gets narrower and narrower, like the triangular shape of a pennant. When you finally get to the point of the triangle, the expectation is that the price will break out -- either up or down.
Ok, seems thus like we are having a OR a positive outcome OR something between bad and good which can end both ways OR worst case scenario back to six months ago and several years of nothing interesting and then moon.
Looks like a mexican standoff now, everybody is looking at everybody, what just happened and what is gonna happen now.
Fascinating but also scary as hell
I'm thinking rather 1 or 2, 3 is actually doomsday scenario to me, but it sure could
this is precisely why I think ranging similar to post April 2013 is on the cards. Traders will trade both sides, the range will get tighter, and eventually we'll continue upwards. Too many long term bulls for this to really drop IMO. Despite the propensity towards mass panic for all the newcomers, I'm sure enough have been indoctrinated into the hodl mentality by now, and also enough experienced bitcoin traders who've seen it all before ready to scoop up coins at key levels.
Luc hasn't really given us much here, he's given us the classic "up, down or sideways" possibles that a market always has. All of them end in up though, ofc
