BitcoinShort
Strong bearish move imminent
On the Daily chart we see BTCUSD is failing to make any new highs and has formed the bearish descending triangle pattern. We have just seen a kumo twist which is now showing the cloud as bearish.
If we see a downward kumo breakout I believe this could be the catalyst to break though the descending triangles base and could see a move down to the $429 level of support.
Price would need to see some significant strength in the next couple of days to avoid the kumo breakout to the downside.
If we see a downward kumo breakout I believe this could be the catalyst to break though the descending triangles base and could see a move down to the $429 level of support.
Price would need to see some significant strength in the next couple of days to avoid the kumo breakout to the downside.
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