Bitcoin Is Back To Symmetrical Triangle!

By Aventurine | Crypto Aventurine | 31 Oct 2023


Bitcoin has been changing patterns recently, from symmetrical to ascending and now is back to symmetrical triangle!

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Is market confused? One is for sure the longer it takes for the pattern to form the better because it will become visible on higher timeframes and higher timeframes are more reliable! I am taking wicks into consideration and on the daily it also shows symmetrical triangle! if you remove the wicks you get ascending triangle both bullish patterns so this is good!

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One thing did come to fruition though! I said in this article here that I think Monday pump will not happen, and there is going to be a change.

I am positive that we will have slight pump this week above the triangle to $35,000 the reason for that is that we have two resistance lines and a very strong one at $37,000 I would even speculate that we won't break this level before having! But rapid ETF approvals can change that!

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All The Best,

Aventurine! 

 

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