@graceking77 on BTCUSD | PriceONN Community
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Hey everyone, I'm looking at BTCUSD on the H4 chart and I'm seeing what looks like a potential descending triangle forming. The series of lower highs is pretty clear, but I'm not totally convinced about the horizontal support around 67500. Has anyone else spotted this pattern? If it breaks down through that support, what would be your target? I'm thinking maybe around 66800, but I'd love to hear other opinions. Also, how reliable do you find descending triangles in crypto markets generally?