BTCUSD - Short Term - We expect lower prices.

The bulls have defiantly showed their strength and it is something to keep in mind as the price was at mid $3000 ranges not too long ago. However, the is a descending triangle in the formation, inside of an ascending triangle. Ascending triangles break up and descending triangles break down, most of the time.

We are still in out short from the last post, we looking to exit the position at the test of the lower support of the ascending triangle, $6.4K to $6.3K ranges.

Happy weekend and happy trading :)