patrading85

ASCENDING TRAINGLE BREAKDOWN ON THE HOURLY. SUPPORT AREAS

COINBASE:BTCUSD   Bitcoin
bitcoin is showing an ascending triangle breakdown on the hourly but currently the hour EMA is holding. Bulls would be looking for a sharp bounce with expanding volume here to invalidate the hourly breakdown.
Bears should be watching for the 4 hour close below the 20EMA break there and we go to the first support zone. breakdown from that and I think we visit 47k-48k

although this could be weekend shenanigan's. (fake outs)

Overall I am not trading this in either direction ATM.

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