TexasWestCapital

BTC/USD Triangle in play? variation #2

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
As I've mentioned on my stream, a breakdown below the current wave C low at 32933.33 just invalidates that particular triangle. There is the possibility that another triangle could be printing in that scenario as shown in this chart. Wave C could still be in progress. However, it would need to reverse prior to the wave A support at 28800. Breaking down below that level will invalidate all the triangle scenarios.

This only becomes possible if price breaks down below 32933.33.

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