Fuente
Bitcoin continues to hold support at 40-38K, but this is the 4th time it has been tested.
The problem here is that it does not make higher highs either, but rather lower and lower, and the longer it goes without making higher highs, a descending triangle is formed, which tends most of the time to break to the downside, at a distance equal to the height of the triangle (TRIANGLE TARGETS: 35K if it breaks to the downside and 46.6K and 50K if it breaks to the upside).
For now we remain in the range of 50 to 40K, in a gigantic correction phase. In conclusion, take precautions, always ready to buy at 35 or 30k thousand in case of a downward breakout.
Indicators used: Daily moving averages of 21 and 50 periods. Descending Triangle Resolutions
Congratulations @freddyma! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 800 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz: