SHORT TERM in btc creating a DESCENDING TRIANGLE for the comming days
BTC has retested the $44K area and that was the last support line before the breakdown to $40K, right now, we notice a decrease in selling momentum But there is no significant increase in the buy that suggests the bulls are over again, So we still looking for another selling wave to $34/$32K and lower than these levels probably. this view will fail if the bulls reclaimed $50/55K Daily!
BTC has retested the $44K area and that was the last support line before the breakdown to $40K, right now, we notice a decrease in selling momentum But there is no significant increase in the buy that suggests the bulls are over again, So we still looking for another selling wave to $34/$32K and lower than these levels probably. this view will fail if the bulls reclaimed $50/55K Daily!