Nutty_Trader

Descending Triangle Continuation

KUCOIN:BTCUSDT   Bitcoin / Tether
When looking at the 4H timeframe we can see that Bitcoin has formed a bearish descending triangle. In most instances this represents a continuation pattern. If we used a measured move we come up with a target around 36k. I have included a couple of different scenarios that I think we could see play out. BTC would need to break above 45k to invalidate this pattern. Beware of a potential false breakout to the upside.

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