thithitrader_

BTC [ bearish rectangle? ]

thithitrader_ Updated   
BITFINEX:BTCUSD   Bitcoin
Looking at H1 chart, for me it's clear a bearish rectangle pattern, if that's the case the entry / stop / target points are there.
IF THAT IS NOT THE CASE be prepared to do the opposite.

PS: careful with my analisys, I'm new to this and I'm just trying to learn as much as you.
Comment:
UPDATE: RSI is bullish, may be the rectangle breaks up and not down...

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.