Descending triangle or symmetric triangle?

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

so far it seems like someone is dumping to keep the price down. it creeps up slowly with natural buys over a longer time then it is dumped within 1 hour below $10k again!

why? I have no idea! maybe some whales wanting to accumulate more or push the price lower to buy cheaper coins. maybe some altcoin pumper whales who want to see the money migrate to altcoins they are pumping, and if you look at the news this seems plausible they way they say blank coin is rising while bitcoin is dropping! Wink

Toxic2040

legendary

Activity: 1778

Merit: 4093

I would say it has a good chance of reaching towards and bouncing off the upper trend line. The price appears quite happy at around 10k but the Lunar New Year approaches.

Rozita

full member

Activity: 658

Merit: 108

Do not waste your time for such analysis. Bitcoin price is depend on news and rumors. A bad news or a good one can cause the price to change without any attention to these analysis.

pereira4

legendary

Activity: 1610

Merit: 1183

What do you use here?

Can we hold this and start recovering, or we have already descended below any hopes of staying above $10,000? So far it seems to be constantly flirting in and out of the $10,000 mark.

Can we sustain this and break out at $11,000 or we will dip further? Can we consolidate a double bottom with the other red candle of $9310 and keep going up?

Topic: Descending triangle or symmetric triangle? (Read 100 times)