luffy1piece

Weekly Descending triange BTCUSD

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BITFINEX:BTCUSD   Bitcoin
Hi guys. This is my first time EVER publishing and its a bit late as the action has already happened. However, as you can see, BTCUSD was forming a weekly DESCENDING triangle with tough RESISTANCE at around the 6000 level due to that being a an important level. The price bounced back from this level many times and retested in countless times. This then formed the base of the descending triangle. Once the price pierced through this level, Bitcoin plummeted and all hell broke loose. Why you ask did hell break loose - Its simple, price broke OUT of the DESCENDING triangle and kept plunging. So thanks for reading.
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