Uber bearish on BTC even tho triangle has not broke down yet
Im super bearish on BTC. I think the triangle will break down. I cant really give a reason why, just not feeling the bullishness. Lets see what happens.
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A closer look at the triangle: Its probably a continuation pattern so since price entered from above it will exit below. Or perhaps its just biased thinking. You decide for yourself.
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The triangle has broken down but i just wanted to share this setup now. Divergance + what looks to be a reversal candle. A 50% retrace is $8,200 - BUT who knows.
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div didnt work out :) too bad. Just looking at this now. proably not going to work either :) Anyway lets see.