Good afternoon,
BTC has formed a descending triangle and may be forming a Head and Shoulders pattern. If we break below 6k it will confirm a breakout to the downside of the Head and Shoulders pattern and we will most likely see significant downside. Because the Descending triangle is so big, I personally think 3 to 4 k will be the bottom, barring any good news.
Happy Trading!
BTC has formed a descending triangle and may be forming a Head and Shoulders pattern. If we break below 6k it will confirm a breakout to the downside of the Head and Shoulders pattern and we will most likely see significant downside. Because the Descending triangle is so big, I personally think 3 to 4 k will be the bottom, barring any good news.
Happy Trading!