BTC possible triangle.

This is what I see here. It’s not sure it happens, obviously, but BTC is drawing a triangle that could break out downwards.

It’s just an idea and it could turn down whenever it wants, so be careful.

I’m not responsible of your actions. Trade at your own risk.

Good trading! :)

Comment:

As I can see, it’s trying to stay above the support, but a sudden red big candle will change the game.
Also, daily Stoch RSI is going down, as well as weekly. It’s showing a huge downtrend about to come, but only if stock remains falling.
Bollinger Bands are also pointing down, and Ichimoku is showing a big red cloud above the price.

My advice, DON’T trade here.

Have a good day. :)

Comment:

BTC Hasn’t got enough power even to touch the resistance. Bad news for BTC if the situation doesn’t change drastically.