Starting to look like a descending triangle for bitcoin. Volume has been contracting with lower highs and fairly stable lows. Might need one more retest of the hypotenuse but I'll be keeping an eye out for increased selling volume around 13300. Price target would be right around $9000.
A strong break of the hypotenuse would invalidate this pattern.
A strong break of the hypotenuse would invalidate this pattern.
Kommentera:
Rejected the hypotenuse yet again, looking more and more valid.