Sol1oo1

BTCUSD within the ABCD trendline - Be careful with positions

Short
BITSTAMP:BTCUSD   Bitcoin
As you can see, BTCUSD is weaker than what it was a few days back. There is a clear ABCD pattern unless it breaks out from the descending triangle. We can expect BTC to reach $38-$39k within the next 6-8 days.
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.