Bitcoin Ascending Triangle
BTC appears to be forming an ascending triangle - typically being a continuation pattern.
Copying the flagpole in the direction of the trend shows a potential retracement towards the previous order block at around $3150 - $3250.
With resistance at the 0.618 Fibonacci level and 50 EMA, as well as the decline in volume - it is likely that the price will break to the downside.
Copying the flagpole in the direction of the trend shows a potential retracement towards the previous order block at around $3150 - $3250.
With resistance at the 0.618 Fibonacci level and 50 EMA, as well as the decline in volume - it is likely that the price will break to the downside.
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