cbassthefish
Short

$BTCUSD $BTC Triangles, EMA MA 200 short until $7,500 ?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
$BTCUSD $BTC Triangles, EMA MA 200 short until $7,500 ?
Here we see btc             breach an important support point. $9,200. This will be a resistance point in the future now. Price broke out of the symmetric triangle at the very end but held for a 1 2 3 in the descending triangle . 4th dead cat bounce never happened. Price currently descending into the 200 day EMA and next stop the 200 day MA. Pretty bad. Next stop $7,500. Then we decide where the target might go from "around" there. If price goes over $13k we are bullish again lol
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