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Bitcoin Bearish Descending Triangle
Good morning,
We are in a Descending Triangle right now. This is a inherently bearish pattern with a significantly higher probability of breaking to the downside than the upside. It can break to the upside, it's just not as probable. I am not making trades in between this range. I think it is absolutely dangerous as this is run by bots trading and scam wicks as we have seen before are inevitable. You may be able to make a breakout trade of the Descending triangle, but honestly the best trade set up forming right now is the Daily bullish divergence. We want to sell off to lower prices to form the divergence first. We have not really done that yet. But, A Descending Triangle, an inherently bearish pattern in a bearish trend after a bearish impulse to the downside. I think the probability of the measured move of this pattern getting hit is extremely probable. If not the measured move than perhaps a slightly higher low double bottom at the 6820ish support.
Our 9k-14k range forming lower highs with a demand line was a Descending Triangle and you best believe I had that plotted. So many amazing trade set ups in that few month span of a pattern. I was trading harmonics and cypher patterns inside of a long term pattern. I miss it, but that was the past. This is the present and the present is still bearish (for now) ;) My premium members will know exactly when to go long and short on Btc and other alt coins! :D
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We just went live as of now on. Our premium channel is charging only $15 a month right now in consideration to a Black Friday Sales that last until December 31st. Prices after that will differ slightly. But again, we are only charging $15 a month down from our original price of $99 a month.
We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups along with education."
Feeling generous and wanting to show us love and support? Donation Options in (Crypto) are down below <3
commerce.coinbase.com/checkout/0f350f12-a7b9-4af3-b9d0-f8c7eb55eac3
We are in a Descending Triangle right now. This is a inherently bearish pattern with a significantly higher probability of breaking to the downside than the upside. It can break to the upside, it's just not as probable. I am not making trades in between this range. I think it is absolutely dangerous as this is run by bots trading and scam wicks as we have seen before are inevitable. You may be able to make a breakout trade of the Descending triangle, but honestly the best trade set up forming right now is the Daily bullish divergence. We want to sell off to lower prices to form the divergence first. We have not really done that yet. But, A Descending Triangle, an inherently bearish pattern in a bearish trend after a bearish impulse to the downside. I think the probability of the measured move of this pattern getting hit is extremely probable. If not the measured move than perhaps a slightly higher low double bottom at the 6820ish support.
Our 9k-14k range forming lower highs with a demand line was a Descending Triangle and you best believe I had that plotted. So many amazing trade set ups in that few month span of a pattern. I was trading harmonics and cypher patterns inside of a long term pattern. I miss it, but that was the past. This is the present and the present is still bearish (for now) ;) My premium members will know exactly when to go long and short on Btc and other alt coins! :D
Join our Free Telegram Channel: t.me/ChArtWorks
-or-
Join our Open Facebook Page. Make sure to like and follow! :D facebook.com/CHARTWORKSTECHNICALARTS/?modal=admin_todo_tour
We just went live as of now on. Our premium channel is charging only $15 a month right now in consideration to a Black Friday Sales that last until December 31st. Prices after that will differ slightly. But again, we are only charging $15 a month down from our original price of $99 a month.
We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups along with education."
Feeling generous and wanting to show us love and support? Donation Options in (Crypto) are down below <3
commerce.coinbase.com/checkout/0f350f12-a7b9-4af3-b9d0-f8c7eb55eac3
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