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Bitcoin Descending Triangle Short
There appears to be a Descending triangle appearing on the intraday chart with Bitcoin.
Look for a short trade
1. Enter - 36900 ( Between the MAV's)
2. Target - 29900 ( the base extension of the triangle and the initial swing low )
3. Stop - 41000 ( prior swing high)
4. RR = 1.6
Look for a short trade
1. Enter - 36900 ( Between the MAV's)
2. Target - 29900 ( the base extension of the triangle and the initial swing low )
3. Stop - 41000 ( prior swing high)
4. RR = 1.6
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