$BTC Patterns Morph Into More Patterns!? 🤔

This is important!
There is a dark blue cup and handle pattern.
A blue symmetrical triangle forms the handle.
Symmetrical triangles are a known 50/50 pattern.
Meaning it can break up 50% of the time.
Or
Down 50% of the time.
However through experience they tend to break downwards more often.
The symmetrical triangle also normally breaks into another consolidation pattern.
When breaking downwards a falling wedge consolidation is possible.
If the falling wedge breaks downwards. Thats a good short opportunity.
It will normally breakdown quickly. (Just like a rising wedge breaks upwards quickly.)
However falling wedges break upwards 68% of the time.
Essentially what im expecting is this to likely break downwards.
This would change the cup and handles handle into the falling wedge.
The downside move is even more likely because there is only 2 waves in the larger ascending triangle.
Lets see if we can get that falling wedge if it breaks downwards.
Normally you will get 3 or 5 waves of consolidation in the pattern.
NFA, DYOR ⚠️
#Crypto #Trading #BTC