Bitcoin & Cryptos ☔️ Settle Down in Triangle Corrections ?

2 min read

Dear Traders,

Bitcoin is trapped in between strong support and resistance levels. The bearish decline from its $20k to below $10k has placed strong bearish pressure on the cryptocurrency and a bearish break below the triangle pattern could send price towards $8400 and even $5k. Ethereum is showing a similar structure as Bitcoin, but perhaps even more bearish.

Ethereum seems to be the only exception at the moment as the bearish retracement remained shallow and the chart is still showing an overall bullish structure.

Check out the video for the full analysis and trade plans on 26-28 January 2018:

  • Technical analysis
  • Review of patterns, trends, key S&R levels
  • Explanation of potentrial trade ideas both up and down
  • Beginner friendly, explaining concepts in more detail

See the video below for all of the details

Good trading,
Chris Svorcik


Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of

🍿️ Discover your path to a 100% yearly returns over the convos with Chris Svorcik!