@Exlore, sometimes it works out sometimes it don't :-) at the moment I expect a little more drop before we go up something like this. BTC determining everything atm so this is zoomed in on btc
Exlore
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@DaDude, Very true, perfect example how fundamentals look solid then... I see it in my charts. I give you a thumbs up.
nanovirtual2015
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Correct me if I'm wrong but descending triangle usually break out on the downside doesn't they?
@nanovirtual2015, No you're not wrong. a descending triangle can go up or down, it occurs in bull and bear market. it could have been a continuation pattern of price rising but it wasn't because BTC took a nosedive. Either way you are correct in that it is a very risky one as prices are hammered upon from above with lower highs. BTC was going up so I was hoping for a continuation of the bullish trend however BTC dropped hard.