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mcdaverage
Sep 28, 2021 6:31 AM

Descending Triangle in Progress - Bear Market, Sell Everything! Short

Bitcoin all time history indexINDEX

Description

Preparing for worst-case scenario, I present the permabear case.
Descending triangle forming on daily. (72.93% hitrate) according to Samurai Academy.
Breakout of the triangle would also break the HNS (83.04% hitrate) neckline with a ~33K final target.



Please leave a like/comment if you enjoy my analysis.
Comments
aramrod61
My alerts were telling me something similar. Thanks for the confirmation.
mcdaverage
@aramrod61, you're welcome, just posted another idea, I think there's still hope for Bulls. :)
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