EXANTE-MM

Descending triangle formed HUGE move expected

EXANTE-MM Updated   
BITFINEX:BTCUSD   Bitcoin
A descending triangle is formed and volume is very low. That means a huge move either way is expected. Inverted head and shoulders also formed which is a trend reversal signal! You should wait for the break either up or down and jump on the wave!
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Bitcoin's upside is very limited if any. We still see the price moving inside of the triangle while keeping a descending trendline. At this point a break down is more probable!

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