Bitcoin was farmed bearish descending triangle pattern. Current price action bellow EMA 21,50,100,200 lines, strong Downtrend.
Bitcoin closed bellow confirmation line.Potential Strong resistance at 8600$. With bulltrap at 8821$.Look really bearish. Potential short target 7900-78XX.
Bearish Volume increase confirm downtrend price action.
Indicators: RSI bellow 50 points, MACD bearish crossover bellow zero line. Bearish Sign.
S/R: Tripple Tested support at 7688, Support 7900, Temporary Support 8095, Resistance 8600, Major Resistance 8821
Pattern: Bearish Descending Triangle.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Bitcoin closed bellow confirmation line.Potential Strong resistance at 8600$. With bulltrap at 8821$.Look really bearish. Potential short target 7900-78XX.
Bearish Volume increase confirm downtrend price action.
Indicators: RSI bellow 50 points, MACD bearish crossover bellow zero line. Bearish Sign.
S/R: Tripple Tested support at 7688, Support 7900, Temporary Support 8095, Resistance 8600, Major Resistance 8821
Pattern: Bearish Descending Triangle.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
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Bitcoin price action follow arrow
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XBTUSD achived target 7800.
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