Crypto Market: The Triangles Trap
First i need to say that the yesterday flash crash can't and won't be expected by TA, a 25% (or more) drop of the market is something abnormal, and i think that Technical analysis will never be able to predict such a thing.
As for the crypto market we seem to be in multiple triangles (ascending and symmetrical). most of them suggests that the crypto market will recover sooner than expected. However, we are still trapped in a descending triangle, which suggests that we will be testing the lows again.
So, the next couple of days will be crucial, the next couple of days will reveal which way the market is heading, up or down, bearish or bullish.
As for the crypto market we seem to be in multiple triangles (ascending and symmetrical). most of them suggests that the crypto market will recover sooner than expected. However, we are still trapped in a descending triangle, which suggests that we will be testing the lows again.
So, the next couple of days will be crucial, the next couple of days will reveal which way the market is heading, up or down, bearish or bullish.
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