POSSIBLE DESCENDING TRIANGLE. BITCOIN MIGHT TARGET JUNE LOW
With the last accelerated dump, Bitcoin price painted a descending triangle.
For the moment the Bitcoin price is struggling just below the Monthly open (19423). Failing to break above this level of resistance, will give bears a chance to play this new descending triangle and possible target the liquidity from the JUNE low area (17600)
Once the top of the triangle is broken and flipped in support, this pattern could be invalidated.
Trade safe.
For the moment the Bitcoin price is struggling just below the Monthly open (19423). Failing to break above this level of resistance, will give bears a chance to play this new descending triangle and possible target the liquidity from the JUNE low area (17600)
Once the top of the triangle is broken and flipped in support, this pattern could be invalidated.
Trade safe.
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