Ascending Triangle SequentialsteemCreated with Sketch.

in #bitcoin5 years ago

BTCUSD is forming an ascending triangle pattern, consolidating previous rally.
The anticipated head and shoulder pattern was not confirmed by Sequential indicator as countdown was only on bar 7/13.

Now, sequential Sell countdown is on bar 8/13 following an aggressive 13 sell which implicate a probable top for the next days and reinforce chances for the ascending triangle to reach the APEX.

Breakout is expected to the north, but there is still a probability to break to the south. A Close above today's candle will confirm the breakout.

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