[SHORT] Bitcoin Descending Triangle - Target 27k, 25k, 23k
Bitcoin again has a death cross on the daily from the 100SMA and 200SMA. Lowest daily volume since the beginning 2020 (7-day MA).
The descending triangle will break down heavily.
After low volume and low volatility comes the opposite. The path of least resistance is downwards.
Three Black Crows are a bearish candlestick pattern which we see as well.
Targets 27k, 25k, 23k
The descending triangle will break down heavily.
After low volume and low volatility comes the opposite. The path of least resistance is downwards.
Three Black Crows are a bearish candlestick pattern which we see as well.
Targets 27k, 25k, 23k
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.