BTC is triangulating above 0.5 Fib and just below the 4H MA50 with the circle formation showing a huge bearish movement might happen on break down while a break up could make it cross the MA50 !
Note
Lots of mixed signals with Market trapped inside a descending triangle. The 4H and 1H MA50 are just above. Our strategic plan is for a bearish run but never rule out any side:
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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.