Will_Wortel

Bulls or bears for Bitcoin?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hi,

All info provided in the chart. If you appriciate this idea leave a like. Click on follow to receive a notification when I publish a new idea.

Thanks

SINCE YESTERDAY DUMP OF BITCOIN , THE PRICE BREAK BELOW THE LOW LEVEL
SUPPORT OF THE SYMMETRICAL TRIANGLE WITH AN 50/50 OUTCOME. NOW IT LOOKS
LIKE THE BULLS ARE BEING WEAKER AND WEAKER.
AT THIS POINT WE'RE STILL IN A DESCENDING TRIANGLE WITH AN 80/20 OUTCOME.
SO IT THIS POINT I HAVE A BAD FEELING FOR THE BULLS. IF IT BREAKS THE LOWER
LEVEL OF THE TRIANGLE: SHORT. IF THE BULLS WILL WIN THIS BATTLE AND THE
PRICE BREAK THE HIGHER LEVEL: LONG.



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