Descending triangle

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The basic level of support is 7000. If the price drops below 7000 - there is a possibility to decrease price to 6000 ...
Red line - VERY strong line of resistance (the upper side of the triangle), in case of crossing it - we'll get a path to 14,000.
Decreasing volumes over two months indicates a decline in the flow of new capital, RSI in bearish zone, ADX shows downtrend starting - all shows that growth above 9,000 is unlikely.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out