BANG BANG BTC FALLS OUT OF TRIANGLE

In my post lastnight, I drew out a descending triangle for bitcoin with the notion that it would break support hard.. which is exactly what happened. Now we are sitting at another important support level at approximately $8k.

BULLS: expecting oversold RSI bounce to test $8300 resistance, need to close above that on high TF
BEARS: expecting further downtrend due to support break after confirmed throwback in which the 8k support turns to resistance

Be very careful here....move slow and have a plan.. remember macro trend is an uptrend but mid term we are in a bearish trend.

"THE TREND IS YOUR FRIEND UNTIL THE END"

6h TF, two big levels indicated, otherwise were just chopping up new traders...

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:)

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