IS btc creating a bearish triangle?
Updated
Hi
Bitcoin has created a narrow range in recent days. In general, due to the existing narrow range, I do not expect a change in the trend in this price range. To change the trend, based on Waikoff's theory and the range areas that have already changed trends, I expect a larger range area.
It seems BTC is squeezing and creating a bearish triangle pattern above the support line. We have to wait and see if this hypothesis will be confirmed or not.
Bitcoin has created a narrow range in recent days. In general, due to the existing narrow range, I do not expect a change in the trend in this price range. To change the trend, based on Waikoff's theory and the range areas that have already changed trends, I expect a larger range area.
It seems BTC is squeezing and creating a bearish triangle pattern above the support line. We have to wait and see if this hypothesis will be confirmed or not.
Trade closed: target reached
BTC breaks down the triangle
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