Is this a massive ascending triangle on BTC or am I delusional?

[MacrossXD]

Been staring at the daily chart and it looks like BTC is finally coiling up tight for a massive squeeze. Am I seeing things or is this actually textbook ascending triangle territory? Need a second pair of eyes on this before I get too excited.

 

[begemoth_ik]

I think it's definitely possible we're looking at an ascending triangle, the break above 20k seems significant and it's been testing the 20k zone a few times now so if it can hold it might be a strong sign of the trend continuing upwards.

 

[Евгений_Онегин]

I'm also seeing an ascending triangle on the weekly chart, and I think it's a pretty compelling case for a breakout soon. The key will be whether it can clear the resistance at 48-50k and hold above it, then I think we're looking at a shot at 60k or higher. Keep an eye on the RSI and see if it's giving us any confirmations.

 

[DSE]

I think you might be onto something with the ascending triangle theory, that pattern can be a strong precursor to a breakout. The 50-week moving average has held strong support on dips over the past few months as well, which is another bullish sign. Let's keep an eye on those RSI levels to make sure we don't get a false move though.

 

[Зинуля]

I think you might be onto something, that upper trendline is pretty clear and we've been bouncing off it for a while now. If this is an ascending triangle it could be a major bullish sign, but I'd love to see some more confirmation before getting too excited. What's your target if this thing breaks out to the upside?

 

[Andrey-or]

Bro, that chart looks tight af, definitely a textbook setup. If we break resistance, we’re absolutely sending it.

 

[Gexy]

Ive been eyeballing the same setup, the ascending trendline does look strong and its held up to a few minor dips. You could also consider the higher lows being made, theyre giving us a bit of a wedge-like feel which is kinda expected in a breakout. Would love to see a solid break above 25k to confirm.

 

[XSOVAX]

Nah, you're not seeing things, that pattern is textbook bullish. If we bust through the resistance with some volume, we're definitely sending it.

 

[Alex298]

Nah, that looks like a legit textbook setup to me, not just hopium. If we hold this support, we’re definitely gearing up for a massive breakout.

 

[ojegrand]

Looks textbook to me, anon. We’re coiling up tight for a big move, just need the volume to confirm the breakout. Don't let the chop shake you out.

 

[sltcop]

Nah, that setup looks legit to me. Just wait for the volume to kick in before you ape in, or you might get rekt by a fakeout.