The bearish rising wedge broke in the expected direction with a huge move to the downside from 97,000 to 60,000. The new pattern is not as clear. Is is a bearing rising channel (bear flag), or is it a bullish ascending triangle. The latter is normally a continuation pattern in an uptrend. But Bitcoin is not in an uptrend. With fat crayons, I suppose one might draw another rising wedge out of this, but the cleanest technical draw is an ascending triangle. A monthly view might make things more clear. The weekly chart shows the rising wedge and a symmetrical triangle. The symmetrical triangle is a continuation pattern ... (full story)