Short

BTC 6 month triangle

Updated

Fibonacci analysis suggests that the large 6 month triangle may be terminating at 5000. The support at 5000 hasn't been tested, so it's a good candidate for a rebound. Otherwise, capitulation may go as far as 3500, the next confluence level down.

Confirmation is just below 5800 mark.

Note

Scenario fulfilled, albeit later than expected.

diatche

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