It is well known that the larger the time frame the better the predictions from technical analysis. Well this one pattern has been forming since 2017 and on a successful break it can lead to a continuous rally to $25k and please don’t go long on a new all time high. There are much better ways to manage your portfolio when you miss out on crypto rallies which I will discuss in the end.

BTC technical analysis

Ever heard of a multiple bottom with a descending triangle reversal? Wedge? Pennant? Their hybrid? Well when this pattern happens it causes a 90 degree curve due to short covering and longs being added at once. It will test triangles edge at $19k ATH (all time high) and 85% of the time breaks it. The triangle height in this pattern is around $16,700 which can be gained at minimum from this breakout. …

jay sharma

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