Bitcoin Descending Triangle Analysis 🔥
The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level , the bearish trend would be sustained.
Currently, Bitcoin ( BTCUSDT ) is in the range of $ 19770. If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the support levels of $!4500, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may rise to $25000
Trading Level ✅
Short at $21000 (Retracement Level)
Target $ 14500 ( Targe derived from the pattern range)
Stop loss $ 22000 (Previous High)
The above chart of Bitcoin ( BTCUSDT ) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend . It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level , the bearish trend would be sustained.
Currently, Bitcoin ( BTCUSDT ) is in the range of $ 19770. If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the support levels of $!4500, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may rise to $25000
Trading Level ✅
Short at $21000 (Retracement Level)
Target $ 14500 ( Targe derived from the pattern range)
Stop loss $ 22000 (Previous High)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.