Two scenarios for BTC.
Now BTC formed Descending triangle pattern.
It's a neutral pattern.
If price falls and fixes below 18000$ open SHORT.
If price rises and fixes above 20500$ open LONG.
Previous pattern - Rising wedge, worked great.
Possible reversal up because the price and the volume are decreasing.
But below a lot liquidity.
Wonder what MM will do.
Now BTC formed Descending triangle pattern.
It's a neutral pattern.
If price falls and fixes below 18000$ open SHORT.
If price rises and fixes above 20500$ open LONG.
Previous pattern - Rising wedge, worked great.
Possible reversal up because the price and the volume are decreasing.
But below a lot liquidity.
Wonder what MM will do.