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AzrulAzir
Jan 25, 2021 11:10 AM

BTCUSD 17K bearish target Short

Bitcoin / U.S. dollarBitstamp

Description

Before I continue, don't forgot to support me with like.
This week we should keep an eyes on descending triangle support at $30444.93
this support level is very important, because if it break down with one candle full at 4 hours timeframes,
bearish will continue to reach descending triangle projection at $17823.61
I will update more about BTC and other crypto,
share your opinion about this analysis
thanks
Comments
Jolgan
Thanks for sharing. I see a leading diagonal inside a falling wedge
j10da
@Jolgan im agree w u dude 👍
AzrulAzir
@Jolgan, need to break resistance, thanks for share,, i will check it _/\_
AustrianView
@Jolgan, has been invalidated?
Jolgan
@AustrianView, Yep, leading diagonal is invalidated, looks like a more complex correction (abcde) or even worse: Azrul triangle may be in play
dn3ctrader
@Jolgan, Seems much more logical to me Bitcoin doing this movement. Breaking this triangle and moving to my next target in Fibo Retracement $55164.61.
Jolgan
@dn3ctrader, If it can push to new ATH, it's gonna be fireworks, real FOMO ;))
YurloTrades
descending triangles are bullish patterns
AzrulAzir
@YurloTrades, are u sure?
YurloTrades
@AzrulAzir, never sure :) markets are never certain!
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