BitcoinUpdated Bitcoin Descending Triangle formation
BTC is forming a descending triangle in the weekly chart.
Possibly a bear continuation could result in lower lows, with targets at 10k
BTC needs a big volume spike to break the descending trend line. and form a double bottom in order to establish the bottom.
Possibly a bear continuation could result in lower lows, with targets at 10k
BTC needs a big volume spike to break the descending trend line. and form a double bottom in order to establish the bottom.
Trade closed: target reached
Descending triangle finally broke down.
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.
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.