$BTC - Different Pattern, but One Conclusion

17 thg 10, 2019

On the hourly chart we can see a number of different patterns. First of all - triangle with the flat bottom at $8225, which has already worked out. Second - falling wedge with the broken support level. Third - falling wedge with the broken support as well.

As we can see, support levels were broken on all patterns. This fact tells us about the wild bears power. Currently, the price is very close to the wedge's support (descending resistance). If this level is broken, we can expect the price to return to the $8225 level. If the $8100 level is not broken, the downward trend will remain actual.