BTCUSD | 19.07.2021
Bitcoin is in a descending triangle that is above a support level.
In general, the descending triangle indicates a future decrease. In this case we cannot rely on this pattern because if the market breaks it, it can change its trend due to the support level.
- If the market breaks the support level, then we sell.
- If the market breaks the descending triangle through the top, then we buy.
Good luck!
In general, the descending triangle indicates a future decrease. In this case we cannot rely on this pattern because if the market breaks it, it can change its trend due to the support level.
- If the market breaks the support level, then we sell.
- If the market breaks the descending triangle through the top, then we buy.
Good luck!
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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.
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.