Bitcoin has found itself once again in a descending triangle. The last time this occurred Bitcoin broke below $6,000 to $3,000.
This time Bitcoin will break down, but the descending triangle target is now $6,000 where it previous broke below to retest as support. This can either confirm the bull run, or send us back into bear market. Important price point.
Bitcoin flipping bearish while alts are in a bear trend will be harmful to the overall industry and market.
Trade the
BTC highs and lows and short alts using PrimeXBT (ref link): primexbt.com?signup=76638
Donate: 36Xp6g5TVGMCx6YDsVEtu29Y9sv396XGbj
This time Bitcoin will break down, but the descending triangle target is now $6,000 where it previous broke below to retest as support. This can either confirm the bull run, or send us back into bear market. Important price point.
Bitcoin flipping bearish while alts are in a bear trend will be harmful to the overall industry and market.
Trade the
BTC highs and lows and short alts using PrimeXBT (ref link): primexbt.com?signup=76638Donate: 36Xp6g5TVGMCx6YDsVEtu29Y9sv396XGbj
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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.