infbp22

BTC: And finally... BTC and it's possible bearish scenario

BITMEX:XBT   Bitcoin
I don't feel like this is very likely, but we're in a very volatile and emotional market so it is very possible. Right now they are just lines, but if we get a couple more touches we may be in a legit decending triangle. From my experience with BTC, decending triangles often play out. When I was shorting, this was my favorite indicator to open a short. Completing this pattern would most likely send us down to teh very strong support zone and .786 FIB around the $5800 range. I know it sounds crazy, but it's happened already (worse.) Trade with caution, don't catch falling knives.
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