tradafx

Waiting for the opportunity to sell with BTCUSD

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COINBASE:BTCUSD   Bitcoin
H4 time frame.
Structure: Downtrend.
After the price continued to down and broke the previous support at 43000, the price is now forming a triangle pattern, which is likely to retest the price of 43000.
To be safe with this pattern, you should wait for the price to rise and appear a false break at the price of 45000 and appear a candlestick pattern for sell orders.
The profit target is the old support zone at 40000.
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