BTCUSD - Price action thus far lacks anything bullish off the lows. The sideways price action hints at a bearish running triangle which will pave the path for lower.Invalidation point: Printing above 94984.42
Trade active
BTCUSD - There is nothing confident about the rise in Bitcoin thus far - the overlapping price action warns of a corrective rebound, potentially within a running triangle.🟠95k is key though.
Note
BTCUSD - Price continues to edge lower, potentially in wave D of a triangle.
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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.