BTC is forming a descending triangle, While RSI favors to upside, but the whole formation is bearish. Of course there's a chance that this formation come out as bullish, as this is not exact science, it's probability.
Targets if break upside is 9060, and for breaking down is 8440.
Targets if break upside is 9060, and for breaking down is 8440.
Note
look at this :
s3.tradingview.com/b/BWHzgohM_big.png
Trade closed manually
you can see after break out, BTC price reached 8980, Huge resistance wouldn't let BTC reaches 9060, of course it's still can happen but this trade is closed.
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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.