Descending triangle is about to breakout on BTC!!

13 Mar 2022

We have this textbook descending triangle pattern on the 4 hourly and is about to breakout.
I am in short position since 39k and my stop loss is at 39.5k on the 20X leverage and my price target is 37k where i am maybe even interested to go with a long position of the sign of a bounce.
As the Nick Diaz once said "Dont be scared homie"

What do you think about this descending triangle?
Feel free to leave a comment.

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14 Mar 2022

Not

I exited my short position and entered long position at 37.7k because of the bullish divergence on the daily.

14 Mar 2022

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