BTC Descending triangle chart pattern
Updated
Momentum has been waning along with Money flow which has been bearish. We can expect a downtrend soon but Descending triangles are known to be tricky so its best to play both sides of the game if you don't want to miss out - Shorts below 3950 and long above 4350.
If Price breaks down then descending triangle target at 3150-3200 level. If that happens we can see fulfillment of the MACD crossover % drop on the daily as well which I had posted previously.
If Price breaks down then descending triangle target at 3150-3200 level. If that happens we can see fulfillment of the MACD crossover % drop on the daily as well which I had posted previously.
Note
BTC bounced from descending triangle target after we reached the target. :)Trade closed: target reached
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