Get started
behbehani

$BTC Bearish descending triangle on hourly + shooting star daily

Short
Bitcoin (BITFINEX:BTCUSD)  
behbehani Updated   
BITFINEX:BTCUSD   Bitcoin
Chart Patterns BTCUSD BTC bitfinex
1
0
chartpattern btcusd btc bitfinex
$BTC is forming a bearish descending triangle on the hourly chart. I expect a break down if it can close below 4970. The daily chart is also showing weakness from the shooting star that formed as well.
snapshot
Comment:
snapshot

Once 4970 broke it went down as expected to 4834
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.