BTC weekly descending triangle targets

٢٧ يناير ٢٠١٩

As a follow-up post to my most recent string of bad ideas. BTC seems to be forming another descending triangle on the weekly time frame. I've been looking for a place to put some buy orders. The triangles final target comes in at $2154. The target leaves us in an area of zero resistance however $2000 psychological and $1800 stand out as strong support levels. Based on these numbers I plan to ladder in some buy orders starting at $2200 down to $1800. I except a strong bounce from this area and will reevaluate then.