TradingView
byCelio
Nov 6, 2021 3:50 PM

Bitcoin targets to the downside 

Bitcoin / U. S. DollarKraken

Description

As we had a little fakeout and from my previous idea and now had a break of the mentioned support, I am currently watching for targets to the downside.
A potential pattern could be the ascending triangle, which has a target of 55.5k.

This target would also perfectly fit with the daily EMA Ribbons:



But I could imagine a retest or even a break of the trendline, as we are currently oversold on the lower timeframes.
More