Bitcoin's Descending Triangle Decision
BTCUSD Perpetual Contract BYBIT:BTCUSD
It’s bearish if BTC breaks down from this triangle, but it’ll be bullish if BTC breaks up. Let’s keep in mind that TA is all about probability. A descending triangle during a downtrend has a higher chance of breaking down. With all that being said, I won’t ignore a bullish scenario either. All we can do right now is wait for confirmation of a break and go from there. Guessing is just going to make you look foolish. Let’s just be patient and wait for market structure to play out.
