PLAY BY PLAY
We have been on months long ascending triangle pattern
Rejected at 10k several time , over and over again
BTC broke a lower main trendline of our pattern
BTC bounced back to 9500's quickly
Whats it going to do??
RSI is getting lower
We have identified a longer tern downwards trendline that is supported many time currently and in the past showing a decline out of the triangle
Bitcoin is in a big move up or down????
1. Declining Volume
2. Rejections off the top are strong keeping it going further
3. Declining Rsi showing a downtrend we arent done with
We have been on months long ascending triangle pattern
Rejected at 10k several time , over and over again
BTC broke a lower main trendline of our pattern
BTC bounced back to 9500's quickly
Whats it going to do??
RSI is getting lower
We have identified a longer tern downwards trendline that is supported many time currently and in the past showing a decline out of the triangle
Bitcoin is in a big move up or down????
1. Declining Volume
2. Rejections off the top are strong keeping it going further
3. Declining Rsi showing a downtrend we arent done with
Comment:
kept going sideways , but still in line for a drop to trend line
