descending triangle in an uptrend
BTC will decline to $805 (just right above $800). Till the end of January it will make a descending triangle and on the basis on situation in China and other news it will make new high or new low to the closest support / resistance.
More likely it will decline to $750 because people will take profits. Further decline to $700 is possible because even such decline still will not deny long term uptrend back to $1150 resistance
More likely it will decline to $750 because people will take profits. Further decline to $700 is possible because even such decline still will not deny long term uptrend back to $1150 resistance
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.