We're finally at the end of this super long triangle and this super strong figure is about to break. It could be the decisive element between a prolonged bear market or the start of a new bull.
Facts :
-This is a bearish triangle
-BTC is under the 200 and 100 SMA
-Market is bearish
-Volume is still declining
-Less and less volatility
-Bounces on the 6k level are weaker and weaker
If you look at the chart, bitcoin really looks weaker and weaker. The odds for me are at 55% for a downside breakout by December.
Stay tuned for more updates,
Fred
Facts :
-This is a bearish triangle
-BTC is under the 200 and 100 SMA
-Market is bearish
-Volume is still declining
-Less and less volatility
-Bounces on the 6k level are weaker and weaker
If you look at the chart, bitcoin really looks weaker and weaker. The odds for me are at 55% for a downside breakout by December.
Stay tuned for more updates,
Fred
Trade active:
Well I guess the 55% was right, bitcoin finally cracked that 6k base ! Where will be the bottom ? IDK, but i'll definitely buy the dip !
