🚨 BTC IS FORMING A VERY RARE PATTERN ON THE CHART
Pay close attention because the technical structure is quite clear 👀 hit the yellow box for more info
What we see is a Descending Triple Top with three main peaks that are losing height and a marked bearish trend in the red lines. It's not exactly a #Bull #flag nor a classic “Inverted GFY”.
The price has been rejecting the upper zone several times and now it seems to be losing momentum with strong red candlesticks.
🧠 This type of bearish pattern usually resolves with a breakdown when the lower support fails.
Do you think #BTC breaks down and accelerates the drop or can it defend the zone and reverse the pattern?
Let me know what you think below 👇
Pay close attention because the technical structure is quite clear 👀 hit the yellow box for more info
What we see is a Descending Triple Top with three main peaks that are losing height and a marked bearish trend in the red lines. It's not exactly a #Bull #flag nor a classic “Inverted GFY”.
The price has been rejecting the upper zone several times and now it seems to be losing momentum with strong red candlesticks.
🧠 This type of bearish pattern usually resolves with a breakdown when the lower support fails.
Do you think #BTC breaks down and accelerates the drop or can it defend the zone and reverse the pattern?
Let me know what you think below 👇