Bitcoin Descending Triangle 6.10.2023
We are forming one of the last legs of the descending triangle.
200 EMA is the resistance, and bounced off of 38.2 fib as well.
There is confluence bitcoin is heading for some weakness.
However with bitcoin you never know when a whale steps in.
Trade safe friends.
**This is not trading or financial advise just my opinion.
200 EMA is the resistance, and bounced off of 38.2 fib as well.
There is confluence bitcoin is heading for some weakness.
However with bitcoin you never know when a whale steps in.
Trade safe friends.
**This is not trading or financial advise just my opinion.
Fei
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