Bitcoin Descending Triangles, Bearish Outlook until the Triangle is not broken to the upside.
If broken to the upside new targets will based on Fibonacci extension around 50K
If broken to the downside new targets will based on 21WEMA around 19-23 range
If broken to the upside new targets will based on Fibonacci extension around 50K
If broken to the downside new targets will based on 21WEMA around 19-23 range
Trade active
29,000 is key Support in multi time frame especially weakly and monthly
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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.