we are in a double triangle pattern that was bullish since we where testing the top of the pattern, but then dropped below center and heavy resistance which makes me more bearish atm. Also the MACD is bearish as well as the RSI.
I think we will retest the 11700 resistance a couple of times before breaking to the down side although its bitcoin and it may go either way
setting a stop loss below the triangle and a buy order if it breaks to the upside after a candle confirmation is the safe way to play it...
I think we will retest the 11700 resistance a couple of times before breaking to the down side although its bitcoin and it may go either way
setting a stop loss below the triangle and a buy order if it breaks to the upside after a candle confirmation is the safe way to play it...