BTCUSDBTC Triangles, EMA MA 200 short until $7,500 ? Here we see btc breach an important support point. $9,200. This will be a resistance point in the future now. Price broke out of the symmetric triangle at the very end but held for a 1 2 3 in the descending triangle. 4th dead cat bounce never happened. Price currently descending into the 200 day EMA and next stop the 200 day MA. Pretty bad. Next stop $7,500. Then we decide where the target might go from "around" there. If price goes over 13K we are bullish again lol
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.