#BTC Descending Triangle

20 giu

📊#BTC Descending Triangle✔️

🧠From the perspective of the chart, we have been sideways here for about three days, and the price is gradually being squeezed to form a descending triangle. Generally, we regard this model as a model that continues the original trend force (the trend at the hour level is a downward trend).

➡️A similar model analysis was also made in the previous article. Because the closing price at the 4h level is already below the lower edge of the triangle, I think the probability of further decline will be higher, so please be cautious in chasing the rise!

⚠️Note that if we break through the H point and stabilize, it means that my view is wrong.

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20 giu

Trade chiuso: stop raggiunto

Having broken through point H, the descending triangle expectation has been invalidated.