Weekly Descending triange BTCUSD

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi guys. This is my first time EVER publishing and its a bit late as the action has already happened. However, as you can see, BTCUSD was forming a weekly DESCENDING triangle with tough RESISTANCE at around the 6000 level due to that being a an important level. The price bounced back from this level many times and retested in countless times. This then formed the base of the descending triangle . Once the price pierced through this level, Bitcoin plummeted and all hell broke loose. Why you ask did hell break loose - Its simple, price broke OUT of the DESCENDING triangle and kept plunging. So thanks for reading.


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