BTC Descending triangle chart pattern
Momentum has been waning along with Money flow which has been bearish. We can expect a downtrend soon but Descending triangles are known to be tricky so its best to play both sides of the game if you don't want to miss out - Shorts below 3950 and long above 4350.
If Price breaks down then descending triangle target at 3150-3200 level. If that happens we can see fulfillment of the MACD crossover % drop on the daily as well which I had posted previously.
If Price breaks down then descending triangle target at 3150-3200 level. If that happens we can see fulfillment of the MACD crossover % drop on the daily as well which I had posted previously.
Note
BTC bounced from descending triangle target after we reached the target. :)Trade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.