BTC inside a decending triangle
And was rejected by the 4hrs 200 ema with a hidden bearish divergence on the 1H time frame which have been very indicative of a downtrends recently. If this triangle breaks down, the measured move is around $5200. Price action might also bounce back up and try to break up.
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.