We are getting closer to the end of a triangle formed by an and a smaller .
I feel like the normal course of action here for BTT would be an eventual break to the upside, as the is bigger AND it also makes sense considering the crypto is freshly released.
However in the shorter term, we are building up confluences..
-We saw rejection from the top of the .
-We formed a Head & Shoulder Pattern.
-We broke and retested a small uptrend line.
-We broke through and stayed under a Fib line.
-Moving Averages have crossed to the downside.
All of these lead me to believe we are heading to retest the bottom of the .
Once there, we will almost simultaneously hit those Confluences:
-The Bottom of the .
-Another Fib line.
-The 200 Moving Average.
I am personally until there, but once there, depending on the Price Action I am considering going Long again.
*I am not a pro. Do your own due diligence.