Bitcoin Descending Triangle
Pretty sure we're now in Descending Triangle (bearish) as opposed to Falling Wedge (bullish).
If 6.1k breaks, there's only one line of support before we're hitting 4.9k.
Only saving grace is the green diagonal support that has held up so far (even today).
There's only so long that Bitcoin can keep making lower highs before we get a decisive break.
If 6.1k breaks, there's only one line of support before we're hitting 4.9k.
Only saving grace is the green diagonal support that has held up so far (even today).
There's only so long that Bitcoin can keep making lower highs before we get a decisive break.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.