BTCUSD : Forming a descending triangle during consolidation phase.
Bearish formation - Target to go down to fill the CME gaps - Most probably at 18500 areas.
Price top indication: Monthly candle very similar to the candle stick pattern in 2017 top. Forming a shooting stars by next month most probably.
Bearish formation - Target to go down to fill the CME gaps - Most probably at 18500 areas.
Price top indication: Monthly candle very similar to the candle stick pattern in 2017 top. Forming a shooting stars by next month most probably.
Note
If daily close above the resistance trend line tomorrow, expecting retest of ATH one more time before heading down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.