Descending Triangle BTC 1D:
Chart pattern forming Descending Triangle
- Volume Weakening
- MACD trend downwards
- RSI descending trend line, yet to retest support at 30
Breakout bearish will result in a retest major support at 4200
Breakout bullish could retest major resistance at 5200
Note: BTC.D is also at a major support at 40% which could trigger a sell off and gain more market dominance (see link for related idea)
Chart pattern forming Descending Triangle
- Volume Weakening
- MACD trend downwards
- RSI descending trend line, yet to retest support at 30
Breakout bearish will result in a retest major support at 4200
Breakout bullish could retest major resistance at 5200
Note: BTC.D is also at a major support at 40% which could trigger a sell off and gain more market dominance (see link for related idea)
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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.
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.