BITCOIN: 75% CHANCE FOR $7600; 25% CHANCE FOR $12,000 THIS WEEK!

Descending triangle is coming to its point, and I predict it has a 75% chance of breaking down. If it does, look for resistance around $7,600. If it breaks out of the descending triangle, wait to see if it is a fake-out, and if its not look for a $12,000 $BTC price.

I'm placing a short at $9,600 and will adjust as needed. I'll keep this post updated as things progress.

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Comment:

Wow! This descending triangle is holding perfectly till the very end. Let's see how this ends!

Trade active:

Updated chart showing new target--$6,300 between August 5th to 30th.

Comment:

Updated descending triangle: