Symmetrical Triangle, short term bearish.
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
Since we entered descending, I expect a breakdown to the 9.2k area like I also analyzed yesterday. Then some consolidation and a breakdown later this week.
This is part of of a bigger correction to 8-8.5K
I think BTC has to pick up some more momentum and break the 10K level mid June.
Since we entered descending, I expect a breakdown to the 9.2k area like I also analyzed yesterday. Then some consolidation and a breakdown later this week.
This is part of of a bigger correction to 8-8.5K
I think BTC has to pick up some more momentum and break the 10K level mid June.
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