TradingView
dillonkuester
Aug 17, 2018 10:49 PM

BTCUSD - Long/Short 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin is forming a descending triangle. The descending triangle is more often a continuation pattern than a reversal pattern.

If a reversal pattern is formed with significant volume, then bitcoin will become a buy. Until then..the downside of bitcoin could continue.

If Bitcoin breaks the bottom of the descending triangle with a significant daily/weekly candle. Then remain short.
More