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cryptojames
Jan 31, 2021 9:12 AM

BTCUSD 

Description

In this descending triangle. Usually a bearish pattern.
The long wick is telling us the bears are strong and it pushed the price back in the triangle.
If we break the local support we can see a retest of the major support which is the bottom of the triangle.

28k and 24k are major support areas to watch if it breaks down of the triangle.
Comments
VincePrince
Good approach, I see it similarly.
cryptojames
@VincePrince, awesome, too bad the pump didn't hold.
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