TommieV

Descending triangle/bullflag

BITMEX:XBT   Bitcoin
This could be a descending triangle and we break down. But we have seen some hard buy backs and for now they didn’t broke te descending line..

I had lines of upcoming support but those broken down 2 times..

So for me this is more bearish then bullish until pink line gets broken!

Also we can’t break the descending line on the RSI.

Targets for short range 8800-8500

Targets for long previous top at 10400..

If we can break that and consolidate on top of that.. that would give me a big bull signal!

For now bear trend still intact.
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