Technician

BTC: And here starts the journey

Short
BITSTAMP:BTCUSD   Bitcoin
12
BTC is moving in a clear downside bias, where the latest bullish attempt failed to test and break the falling trend. The price could be forming a major descending triangle, and thus i see the first target at 382.00. A break below 382.00 would be seriously harmful, as the measured move of the triangle formation points to -400$ ( a negative number ) what do you think that mean?

P.S: I stick to my earlier forecast that BTC will be below $50 soon

Good luck
twitter.com/thefxchannel
thefxchannel.com
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.