@readerIsabella on BTCUSD | PriceONN Community
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!
Replies
@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?