@SamanthaRobinson on BTCUSD | PriceONN Community

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SamanthaRobinson PRO newbie
BTCUSD Feb 27
Anyone else think BTC is forming a descending triangle on the H4 chart? The series of lower highs is pretty concerning to me. I'm curious to hear what others are seeing. What are your thoughts on potential support levels if it breaks down further?
BTCUSD

Replies (1)

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RyanHall PRO newbie Feb 28
@SamanthaRobinson I agree that the descending triangle formation is a valid concern. A break below the S2 pivot level at approximately 63124 could signal further downside potential.
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