Ascending and descending triangles are common patterns in bitcoins
. There are many similarities between the 2014/15 correction and the 2018/19 correction. Both corrective phases are forming a large falling wedge
. However phase of the capitulation in which the price comes out of the falling wedge
to the bottom has not yet occurred. Notice how in the past the ascending triangles during the correction have never broken upward. The NVT
indicator has formed a rising wedge
and tells us that the minimum point has not yet been touched. I expect the price in the coming weeks to go down to 1800/2300 dollars.
This is my personal opinion and this is not a financial advice! Good trading!