Tangent1

Bearish signals

Short
BITFINEX:BTCUSD   Bitcoin
As we have been watching almost for a week from now we have seen how BTC -1.43% has fallen into a bearish pattern and it is likely to continue as it has been forming a bearish rectangle we could expect prices to keep falling up to 7800usd when the pattern completes , And in a couple of weekswe will be facing the price change form the current triangle has been drawing since BTC -1.43% fell of almost 20000


What do you think will be the result of the triangle? it might fall firther to old support level if the bears push it at the end of the pattern , if bulls succedd to keep it above the trend line we could be slighly less worried about price
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