DAILY TAKEAWAYS:
BTC currently looks to be in a descending triangle pattern which usually means continued movement to the downside. We are also sitting on a support and resistance level of 29.5k.
1. BTC is overall bearish need to see a break about 200 EMA
2. BTC looks to be in a descending triangle pattern.
3. We need to see a higher low formed and a break through major zone 31.5k - 32.5k.
BTC currently looks to be in a descending triangle pattern which usually means continued movement to the downside. We are also sitting on a support and resistance level of 29.5k.
1. BTC is overall bearish need to see a break about 200 EMA
2. BTC looks to be in a descending triangle pattern.
3. We need to see a higher low formed and a break through major zone 31.5k - 32.5k.
