BTC is forming an ascending triangle but with price below resistance and RSI showing overbought status I expect a break downwards to $6,200 or below. Possible paths are indicated above.
Note
BTC has broken downward from the ascending triangle as anticipated and appears to be heading toward charted support.I will update when this trade is closed or profit is taken.
Note
Feel free to take profits at this level. For the record I am still 100% in this trade.
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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.