BTCUSD

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The price goes into descending channel, and the target of the broken triangle is pointing to a critical area, mixed signals.
Now there are more than one scenario:
1- The BTC rebounded from the new short trend in blue and the 61% Fibonacci (Monthly). (Weak Potential)
2- The BTC rebounded from the old trend from 15/9 and achieved the target of the broken triangle. (Medium Potential)
3- The BTC rebounded from the oldest trend from 16/7 and test the 50 MA on Weekly and the Center line of the descending channel. (Strong Potential)
Nota
The first scenario failed quickly.
istantanea
So, the third scenario is the best option.
Trade attivo
The target of the triangle reached, Scenario 2 Active.
Chart PatternsTechnical IndicatorsTrend Analysis

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