CryptoSahab
Short

Bitcoin Deccending Triangle in Daily Chart (breakdown then $7000

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
#btcusd Looking Deccending Triangle.
It means Bearish chart and Selling fresher is high.
We are all Smart traders so we prefer both Condition and with open any position after confirmation .
So there are two Scenario
1st:- Breakupward side and Target will be $15540
2nd:- Breakdown and Target is Our Green box.
So Keep an eye on every updates.
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Very Good Analysis. Thanks
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Everyone is missing the fact that if the $8k wall is broken we will have a long term downtrend and retesting previous lows is VERY possible.
+2 Reply
CryptoSahab yettymonkey
@yettymonkey, 7.2K is also good Support dear bro
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