nagihatoum

BTC1! Descending triangle

Short
nagihatoum Updated   
CME:BTC1!   Bitcoin CME Futures
Price action printing a bearish descending triangle in a downtrend and in a descending channel. Price action coming to the end of the triangle in a few days. Many gaps needs to be filled below. Reminiscent of February 2020.
Comment:
Fakeout from the triangle breakdown followed by a breakout from the midchannel. Hit the the upper channel to a t. New gap formed. Remains to be seen if it will be filled and PA will seek lower liquidity

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