BTC next move

28 de fev. de 2021

Simple Triangle pattern that Bitcoin is getting near end. Today seems important considering it dropped below the triangle base earlier. A close under that base of the triangle would be a sign in my opinion for other big leg down. If we close above it though, that could signal that it may be ready to bust upwards. but I my self is leaning to the downside right now. Other big leg lower might actually wash out the rest of weak hands before continuing the uptrend. Time will tell today I think.

Also you can see a Head & shoulders kind of formed to which would put the base of the triangle as the neck line. Other bearish signal closing under.