Yesterday I made an analysis on Bitcoin and the triangle it was trading in. In this analysis I was quite bullish, but sadly BTC gave the entire reversal back, and we're on the verge of falling through the triangle's support.
With BTC falling, the current move through the triangle's support is concerning. We might face a deeper correction in the short term.
$48600 is the main support. If this support fails, I'm expecting more pain, targets at the recent lows.
Happy trading!
With BTC falling, the current move through the triangle's support is concerning. We might face a deeper correction in the short term.
$48600 is the main support. If this support fails, I'm expecting more pain, targets at the recent lows.
Happy trading!
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