Bitcoin
Updated

Giant Bullish Flag or Descending Triangle for Bitcoin?

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Bitcoin is potentially forming a giant H&S pattern inside of a larger Descending Triangle or Bullish Flag.

In light blue, I have drawn a hypothetical price scenario.

The RSI is breaking the downward sloping resistance of a descending triangle formation.

The KST saw a sharp deviation but has since found itself back into what could turn out as a bull flag or descending triangle.

In Dark Red inside the price pattern is potentially an H&S pattern.

Note
Bullish cross now apparent on the KST, updated chart here..
GIANT Bull Flag Or Descending Triangle for BTC!!

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