Simple Descending Triangle Target 1.6k T34

BITMEX:XBT   Bitcoin / U.S. Dollar Index
All on chart.
Comment: other descending triangle target.
Comment: 5.8k test before drop possiblity
Trade closed manually: we may expect bounce to 5.4k
Trade closed: stop reached


I have seen a $1700 price from the beginning. It lines up with the absolute bottom of the overall trend that bitcoin has followed multiple times. If it truly follows a geometric growth pattern like many have posited this would be the final stop before the major rally starts.
I don't think BTC can slip on like that ($1600-$2400M). If that happens, no one will invest in such projects, as the volatility seems far too inaccurate!
BatRat Frank2244
@Frank2244, Maybe, but i see this future channel or falling wedge atm.
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