LeMogwai

Descending triangle, target 565$

Short
BITFINEX:BTCUSD   Bitcoin
4
The price is waving in a descending triangle with a bottom line acting like a heavy support at 578.
We should see another top before a breakdown around 587-588 (depends on the timing).

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.