Within the big triangle from my last idea. A small triangle is formed on the 1h chart. The lower trend line is quite steep, which indicates that it is unrealistic that it holds. This would intiate a dump to technical price target of 33.600, which is clearly below our support on Fib levels on the last price actions at 36800 and 35200.
If the btc break-outs on the upper side of the small triangle, then it might be rejected at the big descending triangle. Thus not a good chart situation for a bullish run.
Thus I am bearish
If the btc break-outs on the upper side of the small triangle, then it might be rejected at the big descending triangle. Thus not a good chart situation for a bullish run.
Thus I am bearish
