BillCharison

$BTC - Formed a Triangle

COINBASE:BTCUSD   Bitcoin
As we wrote in the previous update, the price should form the triangle. That’s what the one is doing now.

Falling wedge worked out because of which we’ve seen the test of the resistance. This test showed that the resistance level $8565 is still strong and actual.

Next, we should follow the price, namely, where the price will take hold outside of the triangle. The breakout of the resistance will lead to the resistance, the breakdown of the support and fixing below the level, will lead to a further decline.

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