Next for BITCOIN, descending triangle?
Updated
The rising wedge earlier today resulted in a down. (check previous idea)
Now I'm expecting a descending triangle with the resistance of the downtrend and the support of the start of the wedge earlier this day.
A triangle is a continuation pattern so I expect a new down. The next bigger support is around 6700.
Previous idea below
Now I'm expecting a descending triangle with the resistance of the downtrend and the support of the start of the wedge earlier this day.
A triangle is a continuation pattern so I expect a new down. The next bigger support is around 6700.
Previous idea below
Note
Note
Note
Note
Descending triangle invalidated
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