Bitcoin Breaks Below Triangle
- We'll just have to wait and see if the blue trendline holds by candle close tonight.
- Momentum is down on the 2 day, 3 day and weekly charts so we don't expect a recover to happen fast.
- This could be the start of a multi-day downswing.
Trade active
Another few % decline looks very possible before BTC finds support.
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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.