Technical analysis by themissionmentor about Symbol BTC on 10/6/2022
https://sahmeto.com/message/3333344

themissionmentor
Rank: 7973
Analytical Power:
1.6
Descending Triangle Breaks Bearish Accept For 40% Time Bullish
Neutral
Price at Publish Time:
$20,036.55

We usually think of descending triangles are bearish patterns as there is a 60/40 change in favour of the bulls. Accept one very notable time when sentiment from many analysts were expecting a $10K Bitcoin back in 2021, and we broke bullish to a new all time high. We have a similar pattern emerging now. Me thinks more likely to break bullish in the next week.
Source Message: TradingView