#bitcoin - Descending Triangle?
Yesterday / last night have destroyed our symmetrical triangle on Bitcoin and pushed it towards the 9k. Most of you already know, that this is anything else than a bullish chart pattern and may break very soon OR can still swing for a while, up to a couple of months possible.
We are already within the red support key-level and need serious, serious bulls to turn this picture if we want to grow mid-term.
The overall target of this descending triangle would be around the old consolidation support around and just below $6000. Keep this in mind, there are already a lot of people short or sold, and not ready to buy back just yet. Quarterly Pivot is also endangered.
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Warm regards,
Neru
We are already within the red support key-level and need serious, serious bulls to turn this picture if we want to grow mid-term.
The overall target of this descending triangle would be around the old consolidation support around and just below $6000. Keep this in mind, there are already a lot of people short or sold, and not ready to buy back just yet. Quarterly Pivot is also endangered.
___________________________________________
Warm regards,
Neru
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