@readerIsabella on BTCUSD | PriceONN Community

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readerIsabella
readerIsabella PRO newbie
BTCUSD Mar 8
Hey guys, I'm seeing a potential descending triangle forming on the H4 chart. If it breaks down below 67000, we could see a bigger drop. But if it bounces off that level, it might be a good opportunity to buy the dip. Just keep an eye on it, NFA!
BTCUSD

Replies (1)

miahall42
miahall42 PRO newbie Mar 8
@readerIsabella I'm also seeing that descending triangle, but I'm a bit wary. BTC has been known to fakeout on those patterns before. I agree that 67000 is a key level to watch, but I wouldn't jump in on either side just yet. Maybe wait for a clear breakout or breakdown with good volume to confirm the move? Also, what's your take on the Canadian news affecting BTC indirectly?
EURUSD 1.16449 +0.12%
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