Re: 03.11: Descending Triangle On 4hr Bitcoin Chart To Look Out For?
Found another one, did you? 
The only thing I see here is a bull flag of sorts. Clear flag pole and sideways pullback above the 50% level:
A typical pullback would be to the 50%-61.8% range, the green box. However the pullback has been shallow and drawn out, suggesting this may be more of a sideways "time" correction than a "price" correction. I'm not sure we'll make it there.
Look to the left to see examples of failed short squeezes, and how quickly the gains were lost. It's quite a contrast to the current chart.
The only thing I see here is a bull flag of sorts. Clear flag pole and sideways pullback above the 50% level:
A typical pullback would be to the 50%-61.8% range, the green box. However the pullback has been shallow and drawn out, suggesting this may be more of a sideways "time" correction than a "price" correction. I'm not sure we'll make it there.
Look to the left to see examples of failed short squeezes, and how quickly the gains were lost. It's quite a contrast to the current chart.