BitcoinShort
Bitcoin Descending Triangle Could Take Price to 23k
Bitcoin could be creating a descending triangle.
If Bitcoin gets rejected at the resistance line, and breaks through the support line, then Bitcoin will likely fall to the 21 week EMA, which will be located at around 23-24k at about the time a breakdown is likely.
This will also fill the CME gap at 24k.
ROCKET SHIP FROM THERE.
Peace, Love, & Crypto,
B166er
If Bitcoin gets rejected at the resistance line, and breaks through the support line, then Bitcoin will likely fall to the 21 week EMA, which will be located at around 23-24k at about the time a breakdown is likely.
This will also fill the CME gap at 24k.
ROCKET SHIP FROM THERE.
Peace, Love, & Crypto,
B166er
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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.