BITCOIN is creating a descending triangle pattern !! careful !!
on the 4H time frame bitcoin is forming a descending triangle pattern with 2 possibilities : the First one is to go down to 43100 to a find a new support level, the second is break to the upside with the target i mention on the chart 49500$, this pattern is a bearish pattern and the market may going on his downtrend to another support level as i already shared with you guys to enter a short trade on 52K, this time i cant say i'm that bearish because the market is not safe and all his do is touching your stoploss and back, be careful guys trade with caution and take care of your money.
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.