BTC/USD Descending triangle.

1 May 2018

We can see a 5 wave descending triangle. It appears to be making lower highs. I believe we will touch that downward trend line one more time before dropping below the ~9190 support line. Initial target set at the .618 extension.


This is not financial advice! :)

1 May 2018

Not

Target hit. It Did not need to test the resistance trend line first. It has not bounced off the .618. The .5 extension of 9024.5 has acted as resistance.