MaxHodler

Does a large bearish triangle hide a small bearish triangle?

MaxHodler Updated   
BITSTAMP:BTCUSD   Bitcoin
I propose a new trade to take if this chart pattern, a descending triangle in a bearish continuation, is confirmed.
Of course, do not position yourself in Short until the bearish exit is validated.

This possibility is part of the background bearish trend of a larger descending triangle validated in my previous technical analysis, see link associated hereafter.
Trade active:
A bearish Parallel Channel strengthens my Short :

Comment:
We have had a Pullback under the Descending Triangle, within a Parallel Bear Channel whose outcome is imminent according to:
- a new $ 8200 rejection validating the Bearish trend in this Parallel Channel
- either a bullish or range exit of this Parallel Channel validating the end of the bearish influence of the latter

Comment:
And now ?

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