BTC dropped!
BTC dropped out of the ascending triangle pattern. Now the only support is the daily moving average MA20 (red line).
We below the large local accumulation of POC. It is obvious that at this stage it is difficult for the market to keep the price above 11800.
At 12 o'clock we have a bearish divergence. Let me remind you that the longer the time-frame, the more likely it is to work out.
There is a chance that the asset will test the support of the 11750 triangle and the short position can be strengthened on the retest.
We below the large local accumulation of POC. It is obvious that at this stage it is difficult for the market to keep the price above 11800.
At 12 o'clock we have a bearish divergence. Let me remind you that the longer the time-frame, the more likely it is to work out.
There is a chance that the asset will test the support of the 11750 triangle and the short position can be strengthened on the retest.
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