BTC is in a bearish zone from a monthly perspective. It is hanging near the bottom of a descending triangle with 4 days left to go. On a positive note, this could create dirt cheap buying opportunities in the 3-5k range within the next 2 months if this triangle breaks bearish. Anything could happen but I think the bulls have given up way too much ground to recover in 4 days.
Trade closed: target reached
if you had went short based on this you would have been very rich right now. Havent had a green month since.
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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.