Bitcoin / TetherUS
Short
Updated

BTC descending triangle

1 014
BTC is forming a descending triangle, market is topped out and soon it will fall to 40k.

Yeah you heard it right BTC is not going to hold 45k support.
Note
Two perfect fakeout and again trading under the triangle bull trap in progress get ready for 40k
Note
The BTC is playing as we draw the picture
Note
BTC respected the market structure. Lets wait for pullback to baseline and lets ride the capitulation
Trade closed manually

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.