Re: 03.11: Descending Triangle On 4hr Bitcoin Chart To Look Out For?
Yup. Not too difficult since the charts are littered with them and 75-80% turn out to be bearish patterns to make more satoshis from 
Thomas Bulkowski disagrees. This is what his backtesting says:
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Breakout: Can be in any direction but is upward 53% of the time.
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If price rises into the pattern it breaks out upward 63% of the time.
In a vacuum, I'm really not sure about upward/downward bias. I've never backtested this pattern myself. I have noticed however, that they (like all triangles) are often continuation patterns.