Hello all,
Yesterday I traced you a triangle that has been broken
As you can see, we first broke it with a UP and we consolidated around the upper line (first green circle), after that, we used the upper line to make a bigger UP (second green circle) and now we are dropping.
Why are we dropping? Because we had a pattern called "double top" and we failed to make a new high. The double top is a bearish signal which was immediate as you can see now the result. We should now have a correction on the BTC. I don't see any important support line before the one around $5050 (bottom blue line) so let's see how powerfull the correct will be.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.