BTC: Large Move Ahead - Including Target (4 hr)
BTC clearly showing a descending triangle on the 4 hr which usually is bearish.
If this pattern is being validated, we are heading towards $3390 - potentially in one large move, as the volume keeps decreasing, foreshadowing a potentially high-level volatility action.
The $3390 level has been estimated using measure rule and confirmed by CoinStudio.
Please note that I think the pattern has an increased chance of getting invalidated due to the oversold rsi on the same 4 hr.
Make sure to visit our Discord: discord.gg/ZrQWPNf
If this pattern is being validated, we are heading towards $3390 - potentially in one large move, as the volume keeps decreasing, foreshadowing a potentially high-level volatility action.
The $3390 level has been estimated using measure rule and confirmed by CoinStudio.
Please note that I think the pattern has an increased chance of getting invalidated due to the oversold rsi on the same 4 hr.
Make sure to visit our Discord: discord.gg/ZrQWPNf
Comment:
Nice, around 1% off. Didn't expect the upswing that early though.