


Trader_McStockster
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0Joined May 10, 2021
chartpattern
trendanalysis
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Bitcoin should complete this descending triangle formation soon and make a decision. I’ve added a pullback and a throwback to either scenario.
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This is my first chart to post, Bitcoin has followed this trendline well so far with ~11 tests. Is it leading us to the primary support level of 30k? If so, that puts us at a decision point near 7/22/21. Failure of the 30k may suggest a sharp drop downward. Other notes, the 35k level seems to be a key level with several tests. If Bitcoin were to rise from here...
1
Bitcoin chart with my most optimistic scenario that I hope happens as a holder. Not even necessarily what I think will happen based on technical analysis, this is just my HOPEFUL scenario!
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