BTC finaly Broke out of the Bearish Triangle pattern after 5 Months of consolidation!
With the breakdown came the Sell Volume increase, which should take us
down to at Test the prev. Low of 6k for BTC.
We could see a short bounce before that at the 6500 lvl,
but i expect a bigger Bounce at apx 5500-6000 range with a potential 25% return.
Happy Trading
***This...
It looks like we are going to Test the underline of the bearflag which should take as lower to test the Triangle pattern again. If that Triangle doesn not hold, we should see a drop to the downside and potential Test of the Prevs BTC low at 6k.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Hi all,
this is my first TA on Tradingview, as you can see we are in a bearish triangle formation, which i belive could bounce one more time befor breaking down. The Bottom is set at apx 3k, but that could change with Volume and maybe even get lower.
As i start posting more TAs, i will write more in depth analysis, but for now, i think this is enough
