TradingView
rwoods187
Jul 4, 2020 7:11 PM

The breakdown of the triangle! Short

Bitcoin / U.S. dollarBitstamp

Description

BTC has broken down on the triangle as opposed to the breakout expected, this isn't a bullish sign. The digital alternative to USD is showing signs of fatigue, which is realistic as businesses, central banks, pension funds, hedge funds, etc did not accept this currency as valid so far. So with retail investors suffering from crypto fatigue and not entering it with hopium, it will continue to slide.
More