THE DREADED "TRIPLE BART"! for BINANCE:BTCUSDT by TylerBourbon

trendanalysis btc btcusd bitcoin bitcoinusd

Let's see what happens!

Comment:

I see Bitcoin bouncing off the $6,800 resistance and eventually breaking down out of the channel. Measured move would take it down to the $6,500 level. Overall I think that push down will then bring us to $6k, then $5.4k and then $4.8-$5k.

NOT FINANCIAL ADVICE. Just looking to track my ideas

Comment:

Interesting to see how this one plays out. It had a false breakout above the smaller symmetrical wedge, tried to break out above it again and got rejected at the line. Immediately broke out of the bottom of not only that wedge but also broke out the bottom of the larger rising wedge pattern. It has tested that line a few times but has been rejected everytime. Looks like it will be going lower.

Comment:

Fell directly on the line. There we go folks

Trade closed: target reached:

6500 range target reached.

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