CoinMajesty

Bitcoin - Descending Reversal Triangle Pattern

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CoinMajesty Updated   
BITSTAMP:BTCUSD   Bitcoin
Easy to spot triangle pattern. I think we could see a bounce now but it will eventually go down and crash hard. I expect the bounce at the lower bottom around 8200 - 9500.

If it successfully bounces now I doubt it will surpass 13500. Use that bounce to get out of the market. Don't be one of the ones left holding the bag!

Like the idea to get updates!

:)
Trade active:
If BTC manages to break up that resistance line we are probably going to see a nice bounce coming.

Trade active:
BTC wasn't able to break the line. I think the next successful attempt will be around 8200.

Comment:
Bitcoin is still very bearish. Will drop once more.

Comment:
BTCUSD creating a megaphone pattern.

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