Bitcoin Descending Triangles, Bearish Outlook until the Triangle is not broken to the upside.
If broken to the upside new targets will based on Fibonacci extension around 50K
If broken to the downside new targets will based on 21WEMA around 19-23 range
If broken to the upside new targets will based on Fibonacci extension around 50K
If broken to the downside new targets will based on 21WEMA around 19-23 range
Trade active:
29,000 is key Support in multi time frame especially weakly and monthly