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FX.co ★ #Bitcoin M5: Bearish Symmetrical Triangle

#Bitcoin M5: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleAccording to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 69023.57/69373.92 and upper border is 69731.95/69373.92. The pattern width is measured on the chart at -70838 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #Bitcoin breaches the lower border, the price could continue its move toward 69373.77.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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