FX.co ★ #Bitcoin H1: Bearish Symmetrical Triangle
Signal strength 4 of 5
#Bitcoin H1: Bearish Symmetrical Triangle
According to the chart of H1, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 22401.73/23134.35 and upper border is 23663.00/23134.35. The pattern width is measured on the chart at -126127 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #Bitcoin breaches the lower border, the price could continue its move toward 23133.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade