Bull trap on continuation of downtrend
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.
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.
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.