Bitcoin targets to the downside
As we had a little fakeout and from my previous idea and now had a break of the mentioned support, I am currently watching for targets to the downside.
A potential pattern could be the ascending triangle, which has a target of 55.5k.
This target would also perfectly fit with the daily EMA Ribbons:
But I could imagine a retest or even a break of the trendline, as we are currently oversold on the lower timeframes.
A potential pattern could be the ascending triangle, which has a target of 55.5k.
This target would also perfectly fit with the daily EMA Ribbons:
But I could imagine a retest or even a break of the trendline, as we are currently oversold on the lower timeframes.
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