traderpulse

BTC/USD Technical analysis

Short
COINBASE:BTCUSD   Bitcoin
The BTC/USD pair after a great spike is currently in a correction mode.
It is forming a descending triangle pattern and break out below support levels will validate the pattern.
Hence we suggest traders to take a short call only after a break out below the support level of 5890.

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.