TheChartGuys

BTC Hourly Descending Triangle

COINBASE:BTCUSD   比特币
In a tightening 4 hour pattern of higher lows and lower highs, the double low at the same level last night is shifting the hourly pattern to a clear descending triangle.
The break will either be a loss of the horizontal support or a break of the lower high pattern.
I personally will not trade until the break occurs to ensure direction and momentum.
Looks for a volume spike to occur on the break as well.

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