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No, Bitcoin Price Is Not in a 2018-Like ‘Descending Triangle’ of Doom by nmalove

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· @nmalove ·
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No, Bitcoin Price Is Not in a 2018-Like ‘Descending Triangle’ of Doom
<center><img src='https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9mYzVjY2FmZjU2OWM4MWQyOTFhYmYwYTQxMDE2NWUxZS5qcGc=.jpg' alt='Shared From Dlike' /></center>  

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 Twitter is bearish, abuzz with chatter of a descending triangle that is forming on the Bitcoin (BTC) chart and with comparisons to the descending triangle that broke down in 2018 at $6,000. 

Twitter is often wrong. Let’s first define the descending triangle.

A descending triangle is among the most famous classical “bearish” chart patterns used in technical analysis. It is created when price forms a descending trend line with lower highs, while a second horizontal trend line with equal lows evolves.   

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 <center><br><a href='https://cointelegraph.com/news/no-bitcoin-price-is-not-in-a-2018-like-descending-triangle-of-doom'>Source of shared Link</a><hr><br><a href='https://dlike.io/'><img src='https://dlike.io/images/dlike-logo.jpg'></a></center>
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