BTCUSD - Symmetrical Triangle Forming
BTC continues it's bearish channel. During next period it can bounce anywhere between the Support and Resistance of the channel.
Zooming in within the channel, BTCUSD is forming a symmetrical triangle, which in this setup indicates a bearish next movement. If triangle breaks, next support is around 9200. On the otherside, indicators point that the bears are tired...
The red and blue lines represent important support and resistance lines, which were tested previously several times
Zooming in within the channel, BTCUSD is forming a symmetrical triangle, which in this setup indicates a bearish next movement. If triangle breaks, next support is around 9200. On the otherside, indicators point that the bears are tired...
The red and blue lines represent important support and resistance lines, which were tested previously several times
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