Post
Topic
Board Speculation
Re: CNBC goes bearish on Bitcoin
by
Pursuer
on 01/10/2018, 06:17:02 UTC
plus, it doesn't seem like a proper descending triangle to me since the bottom isn't horizontal. it's more like a wedge, given the lower low in june. the falling wedge is a bullish pattern. Wink

we'll just have to wait and see which way it breaks.

I don't think the pattern looks like anything anymore!
we have already left the intersecting two lines (whether the tip of a wedge or a the tip of the descending triangle) and price has been sticking mostly to that bottom horizontal line and another somewhat horizontal line on top making it into more of an accumulation phase.