nuttie

nuttie

With the recent move upside, the chances of this pattern to be descending triangle is very high. Descending triangles are bearish continuation patterns and these patterns majority of the time break downside.

nuttie

Ichimoku cloud pushing the price of BTC downwards. Although the penetration into the cloud is highly likely, there will be intense resistance for BTC to move upwards.

nuttie

I have drawn 2 Gann Fans from 2 important swing highs. Notice how the price respects both Gann Fans. I expect price to drop along the triangle marked.