Decisions with a Descending Triangle
BTC/USD
Bullish Case
- MACD/Signal and Histogram reversing (Daily)
- Possible Bullish Divergence (Daily)
Key Support: 16k, 15.6k
Bearish Case
- Still within the descending triangle
- Has not made a new higher high yet
- Hidden Bearish Divergence (30min,1hr and Daily)
Key Resistance: 16.6k, 17.3k
Thoughts? I'm leaning slightly more bearish.
Bullish Case
- MACD/Signal and Histogram reversing (Daily)
- Possible Bullish Divergence (Daily)
Key Support: 16k, 15.6k
Bearish Case
- Still within the descending triangle
- Has not made a new higher high yet
- Hidden Bearish Divergence (30min,1hr and Daily)
Key Resistance: 16.6k, 17.3k
Thoughts? I'm leaning slightly more bearish.
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