BitViewEU

BTC: A symmetrical triangle in a falling wedge!

BITFINEX:BTCUSD   Bitcoin
Hi there! We've a new situation at bitcoin. Two patterns in each others. A symmetrical triangle and a falling wedge. The green line is the 'nasty' support line. If it falls down to it, I would lower my buy levels. If the symmetrical triangle is more dominant, theoretical it should fall down as its entering the triangle from above but....we have massive support there. A pretty academic situation. Keep an eye on it to move your entries. Good trade!
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.