BTC Broke below Bearish Triangle
Updated
BTC finaly Broke out of the Bearish Triangle pattern after 5 Months of consolidation!
With the breakdown came the Sell Volume increase, which should take us
down to at Test the prev. Low of 6k for BTC.
We could see a short bounce before that at the 6500 lvl,
but i expect a bigger Bounce at apx 5500-6000 range with a potential 25% return.
Happy Trading
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
With the breakdown came the Sell Volume increase, which should take us
down to at Test the prev. Low of 6k for BTC.
We could see a short bounce before that at the 6500 lvl,
but i expect a bigger Bounce at apx 5500-6000 range with a potential 25% return.
Happy Trading
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Trade closed: target reached
MY Buy Zone for BTC has been reached, it took a bit longer then expected. We have created a new LOW in BTC for 2018 and this to me is an indicator that after the potential Bounce we can have here, there will be more downtrend.
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