DeFeye

BITCOIN giving BEARISH 🐻 Vibes!

BINANCE:BTCUSDT   Bitcoin / TetherUS
What's up everyone! πŸ˜ƒ

You can see some of the target areas in both directions here, but this descending triangle that has been forming over the past two weeks makes things look way more bearish IMHO.

Trad. Markets where the main reason for the rally today IMO, U.S. stock markets opened green and BTC shot up before market prices fell again.

I think by now we can call todays rally a fake-out , i would not be surprised if we get some sideways action in the 40-42k region, before we eventually get to my target of about 37k in the next few days, most likely before or after the weekend.

I hope you enjoyed this post and that it was worth your time, any ❀ in the form of engagement, follows and feedback would be very much appreciated, and a big motivation to keep posting!

Happy Trading! βœŒβ€πŸ“ˆ

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