cyatophilum
Short

Rare price range narrowing before huge move

BINANCE:BTCUSDT   Bitcoin / TetherUS
I think the next coming days will be decisive for the next huge move of Bitcoin .
The resistance, in white, is getting pretty close to the support, in red.
We could see this has a descending triangle which is a bearish pattern and has more probabilities to be followed by a drop .
There is still a chance of a resistance breakout for a bull run to happen.

If I were holding BTC I would wait patiently in a stable coin and see what happens.

Indicator used:

Always eager to hear about your strategy.
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That's a bearish triangle. if you measure the width of triangle- seems TP is 2K. Whats your Target Price?
+1 Reply
@tttdiff, Thanks for your comment, but it's not going back to 2K..
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