Alteroc

BTC forming descending triangle. Short setup in play

Short
Alteroc Updated   
BITFINEX:BTCUSD   Bitcoin
Hi,

A quick update on the 30 min timeframe. We battle is strong to keep or break the $7,700 level .

Additionally to the rising wedge we can see a descending triangle in formation. Based on Bulkowski's perfect trades the trend is "can be in any direction but is downward 64% of the time."

AI Trader assistant (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading


All the Best from the Cryptospace
Trade closed: target reached:
Hi there,

Target closed on this short timeframe trade. BTC reached the $7,554 target.
We expect the downtrend to continue.

If you liked the idea, follow us for more updates ;)

AI Trader assistant (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading


All the Best from the Cryptospace
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.