Get started
Bitcoin / TetherUS
Short

Bull trap on continuation of downtrend

By Captain_Falcon
Updated
If BTCUSD fails to break downtrend, I could see this as a bull trap forming into something like a H&S, but remains to be seen. Nonetheless, overall descending triangle forming at the macro level, it it doesn't go down from here, it will eventually.
Note
Trend broken! Invalidated.
BTCUSDTrend Analysis
Captain_Falcon

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.