If 
BTC breaks down from this descending triangle, we WILL see it hit $8,500 in the next few days. If it breaks north of this triangle, we could see it run to $12,000. I put the odds at 25% going to $12,000 and 75% going to $8,500.
BTC breaks down from this descending triangle, we WILL see it hit $8,500 in the next few days. If it breaks north of this triangle, we could see it run to $12,000. I put the odds at 25% going to $12,000 and 75% going to $8,500. Trade active
We've broke through the top of the descending triangle. I'd like to see 2 4 hour closes above the triangle before I set a long position up to 
12K range. I think we might see a drop back down to $9600 (top of the triangle) and then a bounce back up. If it breaks through the top and descends down, we could see a steep fall towards the $8500 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.