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Alteroc
Jun 3, 2018 7:43 PM

BTC forming descending triangle. Short setup in play Short

Bitcoin / DollarBitfinex

Description

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."

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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.

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All the Best from the Cryptospace
Comments
Arhey
you see triangle? falling wedge baby
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