BTCUSD is stuck on a very limited range since few days. Looks like a symmetrical triangle is forming, which is bearish by default. But with crypto, all is possible.
Looks like an Ending Diagonal Triangle is forming. If the pattern is validated (We don't exit the triangle and we hit point 4 before reversing again lower than 5870), then we may go down for a last bottom. Keep in mind that we have 2 strong support zones, orange and red Point 4 : 6.6k ~ 02/19 Point 5 : 2.6k ~ 02/26 ps: I'm not a Pro, I just analyze time to time
After the small bounce today, nothing is yet won. We still above the 0.5 Fib nonetheless.
What do you think it will happen when this support will be broken. RSI is too low, but we can see the battle at the 1h and lower charts
A symmetric triangle is forming after the breakout of today. This is bearish.