• Symmetrical Triangle (30min) : BTC breakout of this pattern to the downside (as espected in a downtrend, because the symmetrical triangle is a continuation pattern).
• BTC trying to enter in is ex-channel, however all broken support become RESISTANCE, thus it's old channel support is now a resistance. Therefore we have a possible reversal if BTC get...
We are witnessing of healthy correction that would allow the BTC to grow higher in time.
• As you can see on the RSI, since the 14-feb-2020 we broke the RSI trend line. People who were aware of this already took their money out of the market.
• By doing a Fibonacci retracement for the entire movement we can find two entry points at 0.5 and 0.61: