BTC/USD - Triangle Breakdown. 29/3/18

sad reacts

Legit posted 3 hours ago and then sat back down to do uni work, earlier i had discussed this little triangle forming.

As soon as we broke down jesus christ we broke down, Obliterating the noted support at $7,700 and bouncing slightly off the $7,600 regioned support.

Would have been a good shorting position entered from the break of the line ( $7,830) and closed at around the $7,700 - $7,600 region.

If this is not to hold, $7,320 is next, which we will watch for a critical bounce or break.

If we break, lower low is probably with 6 k regions in sight.

Stay aware!

As more data arrives ill try my best for a final landing zone, not invalidating my Inverted H&S as this could just be the head extending even further down, the lower we go now the higher we go after!

CHART:

If, we are to hold at $7,600 i will consider this bull flag scenario unraveling.

But we must show some signs of buying and soon.

All the best!

Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!