Hello once more,
Here is a possible outcome for the short/medium term. It took months to get to this point, where the triangle has a break-out. It seems to me that the downward breakout is a bear-trap and we might just be looking at an inverse Head and Shoulder - following with some upward movement.
I am a beginner, so this is not financial advice. I would like to hear your opinions though.
-Hawk
Here is a possible outcome for the short/medium term. It took months to get to this point, where the triangle has a break-out. It seems to me that the downward breakout is a bear-trap and we might just be looking at an inverse Head and Shoulder - following with some upward movement.
I am a beginner, so this is not financial advice. I would like to hear your opinions though.
-Hawk
Note
Here is my previous analysis - which goes hand-in-hand with this one.![Bearish Divergence / Rising Wedge - BTC is going DOWN [for now]](https://s3.tradingview.com/b/bwX2G1ok_mid.png)
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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.
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.