Acemoisan

BEARISH SYMMETRICAL TRIANGLE (1D)

BITFINEX:BTCUSD   Bitcoin
Not too long after that perfect descending triangle we saw break out, this symmetrical triangle started to form. Its looking like the ABC Correction after that first big "A" drop happened. Im expecting just a little above 3k, you can look in the past for quite obvious support/resistances.

On the other hand I dont think its going to break upwards because of the supporting indicators (RSI, MACD) and the extremely low volume over time.

NEW LOWS???????

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.