Quick BTC update!
Currently performing a descending triangle which is usually a strong indication that we are going to break out on the downside with further pressure from the bears.
If we do see a break to the upside WITH support confirmation. the trade i will take is on the chart for 4%.
I am however, very doubtful my buy alerts will go off for this trade. Stay safe out there peeps!
Currently performing a descending triangle which is usually a strong indication that we are going to break out on the downside with further pressure from the bears.
If we do see a break to the upside WITH support confirmation. the trade i will take is on the chart for 4%.
I am however, very doubtful my buy alerts will go off for this trade. Stay safe out there peeps!
Comment:
As expected BTC has broken through support. It appears the bears aren't ready for hibernation yet. With that said i expect the next strong support range to be in the 3k area. I will monitor and wait for solid support confirmation before entering any long positions.