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CoreCrypto1
Sep 19, 2023 4:50 AM

BTC: QUICK UPDATE!! Short

Bitcoin / TetherUSBinance

Description

Hello everyone, if you like the idea, do not forget to support it with a like and follow.

Welcome to this quick BTC update.

As you see in the chart, BTC is forming a descending triangle pattern in the daily time frame which is generally a bearish pattern. Currently, it is hovering inside the triangle.

We might see another test of the upper trendline and also might see some deviation above the trendline and after that price starts falling. Once it breaks down the triangle (FWB:25K support) then we will see a big dump.

What do you think about this?
Share your views in the comment section.

If you like this idea then do support it with your likes and comments.

Thanks!

Comment



BTC is following the path perfectly. It's still moving inside the descending triangle but once it breaks down (which will eventually happen sooner or later) then the real dump begins. As long as it's moving inside the triangle random Alts will pump and dump
Comments
ahvankh
You forcefully try to relate it to this pattern
Tolberti
Logical idea, it does make a lot of sense to me!
SwallowPremium
Good overview on the market! Which analysis you will do next?
Meathixx
It’s the bottom. We go up from here
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