BTC ready to break out of symmetrical triangle...down to $35k?
Since April 25, BTC has been moving in a channel creating a big head & shoulders pattern.
On April 30, it entered what became a smaller head & shoulders pattern rising into a symmetrical triangle pattern. This symmetrical triangle is ready to break out. I think there will be a fakeout to the upside weekly pivot point followed by a sharp drop.
In addition to the general bear sentiment, it is the week after new moon which in the majority of cases correlates with big dumps.
NFA
On April 30, it entered what became a smaller head & shoulders pattern rising into a symmetrical triangle pattern. This symmetrical triangle is ready to break out. I think there will be a fakeout to the upside weekly pivot point followed by a sharp drop.
In addition to the general bear sentiment, it is the week after new moon which in the majority of cases correlates with big dumps.
NFA