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Welcome to this quick BTC update.
As you see in the chart, BTC is forming a descending triangle pattern in the daily time frame which is generally a bearish pattern. Currently, it is hovering inside the triangle.
We might see another test of the upper trendline and also might see some deviation above the trendline and after that price starts falling. Once it breaks down the triangle ($FWB:25K support) then we will see a big dump.
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with your likes and comments.
Thanks!
Welcome to this quick BTC update.
As you see in the chart, BTC is forming a descending triangle pattern in the daily time frame which is generally a bearish pattern. Currently, it is hovering inside the triangle.
We might see another test of the upper trendline and also might see some deviation above the trendline and after that price starts falling. Once it breaks down the triangle ($FWB:25K support) then we will see a big dump.
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with your likes and comments.
Thanks!
Note
BTC is following the path perfectly. It's still moving inside the descending triangle but once it breaks down (which will eventually happen sooner or later) then the real dump begins. As long as it's moving inside the triangle random Alts will pump and dump
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Related publications
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.