Descending triangle formed HUGE move expected

Bitcoin / DollarBitfinex

Description

⋅ Jul 6, 2019 11:22 AM

A descending triangle is formed and volume is very low. That means a huge move either way is expected. Inverted head and shoulders also formed which is a trend reversal signal! You should wait for the break either up or down and jump on the wave!

Trade active

⋅ Jul 7, 2019 6:15 PM

Bitcoin's upside is very limited if any. We still see the price moving inside of the triangle while keeping a descending trendline. At this point a break down is more probable!

Chart Patterns Bitcoin (Cryptocurrency)

Comments

EO1

⋅ Jul 7, 2019 7:18 AM

which levels are you watching for potencial upside ?

EXANTE-MM

⋅ Jul 7, 2019 7:53 AM

@EO1, I would buy at the 10800 level at the support at the bottom of the triangle or wait for a break up.

Crypto_Curry

⋅ Jul 6, 2019 12:08 PM

Same situation as the last big bubble in 2017 bubble. Just on a smaller fractal

Bullandbeartrading

⋅ Jul 7, 2019 1:56 PM

I see hard work in this post. Keep it up, @martinminkoffski

EXANTE-MM

⋅ Jul 7, 2019 2:06 PM

@Bullandbeartrading,I see you fam, thank you! Will continue working harder!

EXANTE-MM

⋅ Jul 7, 2019 6:14 PM

Bitcoin's upside is very limited if any. We still see the price moving inside of the triangle while keeping a descending trendline. At this point a break down is more probable!