BitcoinShort
$BTCUSD BTC looks to break descending triangle
BTC looks to be breaking out to the downside of this descending triangle. 1D close below the triangle should point this towards retest of the bottom of this channel for a short trade w/ target of ~28k, and potentially long entry to come back to retest 32.2. My potential trade idea of buying the bounce of the bottom of the channel with a retest target of ~32k for 14% return before further downward pressure as indicated by Ichimoku indicator. I will use trade discipline with a somewhat tight stop loss as breaking the channel to the downside will most likely signifiy further downward movement.
***THIS IS NOT FINANCIAL ADVICE***
***THIS IS NOT FINANCIAL ADVICE***
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