Cousin_Fat_Fat

Bitcoin - Broadening Right-Angled Descending Formation

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Considering the pattern that has emerged on the hourly, and how it behaves on downward breakouts, I think another leg down to the 36K range is in the cards.

Broadening Right Angled-Descending Formations typically breakout in the height of the formation.

The height of the formation is around ~3200 USD.

A downward breakout from the lower trendline would bring BTC to approx. 36K
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