Ascending Triangle for Bitcoin??

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

ScotianBot

BTC appears to be consolidating in an ascending Triangle , the exception target in a bullish scenario is approximately 200k.

Hard time believe until it happens.

We’ve seen a rejection at the 200 DMA,
and a bearish divergence.

Bearish divergences occur when prices rise to a new high but the oscillator can only muster a high that is lower than exhibited on a previous rally. Class A bearish divergences often signal a sharp and significant reversal toward a downtrend.

13k is my bearish scenario with a classic gap fill, unlikely but possible.

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