oldmanjudd
Long

BTC Daily Descending Triangle

POLONIEX:BTCUSDT   Bitcoin / Tether USD
BTC looks to be on a descending triangle since it's highs of December. Last month we looked to be in an ascending triangle , but since the break down at the start of June, a descending triangle pattern has emerged. If we can get some bullish movements in July, we could possibly see a bounce in the mid 5k range back up to close to 7k in the next week.

From there it is up to the Crypto Gods if we do what we are supposed to do and continue our run north! If we don't i think the 3k predictions could be on the cards, but i remain Bullish that by december we will be back above 12k again.

Comments

why u so sure btc at 12k by December?
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oldmanjudd HongSongkong
@HongSongkong, Just a hunch... it's about all we have to go on at the moment!
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