Short Term BTC analysis
as we can see on the BTC 4H TF, bitcoin consolidated for more than 9 days before making a move Bitcoin has also formed a descending triangle and traditionally a descending triangle is a bearish pattern to the downside after the price reached its low on 09 November, it immediately rise back up again. In my opinion, what we're seeing now is a relief rally, because if we look at the indicators, we might see a pullback, if the price wouldn't continue to rise, I'll wait for another opportunity to make a trade
and don't forget the upcoming Black Friday Sale Historical data doesn't lie and it happens every year happy trading everyone Trade cautiously and trade smart
Blog Author: John Daele Bandilla