Bitcoin / TetherUSShort
BTCUSD: Triangle Close to Breakout
BTCUSD has seen a declining in both descending support and ascending resistance... volume has been also seen a significant decay in the hourly candles. We are very close to see a brekout that seems more likely to be on the downside due to the strong 62K resistance and the fact that we could see a retest for the 200 EMA as support...
We can expect another touchpoint for the triangle and maybe an extension that could delay the breakout
Overall, there is a very clear strenght on the sellers side, shown by the downside spikes we saw earlier on the short-term... to be more precise, at the start of the current triangle pattern...
We can expect another touchpoint for the triangle and maybe an extension that could delay the breakout
Overall, there is a very clear strenght on the sellers side, shown by the downside spikes we saw earlier on the short-term... to be more precise, at the start of the current triangle pattern...
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