What Happens in Bitcoin after a Bearish Descending Triangle Bitcoin Setup?
A Descending triangle cryptocurrency pattern is a bearish continuation cryptocurrency pattern setup - This is a market signal that shows the current bitcoin trend is taking a pause/break before resuming the current downwards direction of the market price bitcoin crypto.
If the Falling triangle downward continuation cryptocurrency setup forms it signals that the btcusd market is taking a pause/break before resuming the current and present downward trend. Descending triangle continuation pattern in a downward bitcoin trend is known as a falling wedge which signals that the bitcoin price is consolidation but keeps moving lower & lower forming a pattern that resembles a falling wedge. Bitcoin Traders should wait out for a confirmation of the Descending triangle cryptocurrency pattern setup formation before opening a trade based on this bearish continuation cryptocurrency chart pattern. Once there is a bitcoin price break out to the down-side then Falling triangle continuation cryptocurrency chart pattern is confirmed & bitcoin prices will then continue to move in direction of the current downwards cryptocurrency market trend.
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