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Rosewood_Renovations

Bitcoin: Descending triangle pattern, price target $36,500

Bitcoin (BITSTAMP:BTCUSD)  
Rosewood_Renovations  
BITSTAMP:BTCUSD   Bitcoin
Chart Patterns
5
3
chartpattern
Bitcoin is inside of another descending triangle. 68% chance of a break to the downside. The price target is $36,500. The 4 hour stochastic RSI needs to reset and will likely bring the price down to $36,500.
$39,600 support is our last line of defense.
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