xoex

BTC in Descending Triangle

xoex Updated   
BITFINEX:BTCUSD   Bitcoin
BTC is forming a descending triangle, While RSI favors to upside, but the whole formation is bearish. Of course there's a chance that this formation come out as bullish, as this is not exact science, it's probability.
Targets if break upside is 9060, and for breaking down is 8440.
Trade closed manually:
you can see after break out, BTC price reached 8980, Huge resistance wouldn't let BTC reaches 9060, of course it's still can happen but this trade is closed.
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