BTC/EUR chart shaping a downward triangle
BTC/EUR chart currently seems bearish; it looks like a downward triangle with 2 highs and 2 lows. Nevertheless, we might need to wait for the third pair of high/low as confirmation. My guess is that BTC/EUR will offer us better prices to buy soon. The support is strong at €37000 ($44850). Elon's purchase pushed the BTC price up to around this support level.
Despite this looking like a downward triangle, I must point out that the volume at bottom is diminishing, so that might signal a trend reversal to the upside.
I am still a bull and believe that we will still witness the expansion of BTC after this correction. Thus, I haven't flagged this idea as "Long" or "Short".
Despite this looking like a downward triangle, I must point out that the volume at bottom is diminishing, so that might signal a trend reversal to the upside.
I am still a bull and believe that we will still witness the expansion of BTC after this correction. Thus, I haven't flagged this idea as "Long" or "Short".
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