Short

xbt/usd updated scenario

Updated

It seems that bulls are getting tired and we can clearly see a descending triangle formation with flat base and lower highs which indicates that the market will fall more. we also have average daily volume so unless whales start buying again we will follow this down slope.

Note

it was a good trade but as the trend line is broken so i am closing the trade. 16k fomo of october did this. but still btc is in side ways we may see more downtrend.

Trade closed: target reached

thanks

heripree

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.