BTC/USD Technical analysis for BITSTAMP:BTCUSD by traderpulse

trendanalysis waveanalysis priceaction toppingformation

After a long struggle bitcoin has validated its topping out formation.
It formed a descending triangle pattern and has made a bearish breakout.
Hence, we expect the pair to be bearish in the near-term.

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.