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Technical analysis by themissionmentor about Symbol BTC on 10/6/2022

https://sahmeto.com/message/3333344
themissionmentor
themissionmentor
Rank: 7973
1.6

Descending Triangle Breaks Bearish Accept For 40% Time Bullish

Neutral
Price at Publish Time:
$20,036.55
،Technical،themissionmentor

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
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