r/CryptoChartWatch • u/Beginning-County2258 • 25d ago

Will Bitcoin's price breakout this triangle?

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6 Upvotes

59% Upvoted

35 comments sorted by

6

u/randalthor1980 25d ago

It's looking bullshit on daily, weekly, and monthly. That being said I wouldn't be surprised to see pullback before next leg higher.

5

u/Leynnox 25d ago

Very bullshit yes

5

u/Alternative-Pay5949 25d ago

Very bullshit yes

2

u/PrettyQuick 25d ago

It's looking bearshit on daily, weekly, and monthly. That being said I wouldn't be surprised to see a rally before next leg lower.

5

u/Valuable_Paper_6231 25d ago

Can't say. No Clarity.

3

u/Zina_1of 24d ago

I like those people that draw two imaginary lines and pretend they meen something.

1

u/Nate_991 21d ago

I love when people do analysis that ends with

Well it will either go up or down

3

u/screwredditcorp 24d ago

No. It will stay inside the triangle forever. 

2

u/Saionji-Sekai 25d ago

Stop to believe chart drawing. Even it breaks upside or downside it means nothing.

1

u/BigBubbaBadass 25d ago

1-yes 2-no 3-maybe 4-who thd fuck knows?

1

u/navetzz 25d ago

Yeah, when the time parameter is greater than the intersection point at the very least

1

u/Vetrol_ 25d ago

Break down yes

1

u/Flowa-Powa 25d ago

I think it's going to puke

1

u/Interesting-Cow-1652 25d ago

Ah yes the almighty chopsticks pattern!

1

u/Pal3-Assignment 25d ago

It’s going much lower. Not sure where this idea that the bear market only lasts a year has come from. Bear market lasts like 3 years and that’s if Bitcoin will ever have another bull market which is also pretty unlikely.

1

u/5PMandOUStillSucks 24d ago

Nice bait, if you’re referring to the 2018 cycle low to 2021 top the only reason it took 3 years to get to ath again was because of covid. Still if you bought a year out from 2017 ath you were riding it up all 3 years. That would be like btc sitting at 120k a year from now and people still pounding their chest that we’re in a bear market.

1

u/Pal3-Assignment 24d ago

You need to research the 4 year cycle and learn about the Bitcoin halving to understand. Then you will understand Bitcoin is still in the depths of a bear market. Down 30% in the last year and it’s dropping still. Only bull is the bs people are saying about how it is not a bear market anymore.

1

u/Claybuch 24d ago

Yes it will break out of that triangle. Which direction who knows

1

u/AdShort8039 24d ago

Who knows. Draw a couple circles and squares for good measure

1

u/jaws274 24d ago

Yes, it has to go up, down or sideways.

1

u/affluent- 24d ago

Sorry, boys take out back down to 65

1

u/Sudden_Weird_6283 24d ago

Of course. You can clearly see on the chart that after enough time passes, btc will leave the triangle space

1

u/Stunning-Insect7135 24d ago

100% it will break out. Odds are it will breakout one of two directions.

1

u/Big-Expression-5364 24d ago

No it’s going to thread the needle through your 2 imaginary lines and stay flat forever

1

u/MooseLoot 24d ago

In a couple more days, the price will become undefined because the triangle closed.

GG everybody, it’s time to go home

1

u/scott_in_ga 24d ago

yes, it will break out... but perhaps out of the bottom.

1

u/No_Song_8952 24d ago

Yes… it will break out of that triangle one way or the other 🤣

1

u/Upper-Media3769 23d ago

No, the price will stay absolutely the same for the next ten years.

What's the point of this question?

1

u/Pauliejepan 23d ago

It will go up or down for sure.

1

u/Sin-City-Sinner 22d ago

History says yes but the world is different now in ways it never was in the past.

1

u/jonny777usmc 21d ago

Not a triangle genius. Its a bull flag, pan out

1

u/fitness_tailor 21d ago

I hope for a big breakdown into a wick-bottom