Since the drop earlier in November, KCS has been following Bitcoin and has been trading bearish. During this period, the price has formed a descending triangle on the chart.
Descending triangles are classically bearish trading patterns, so a bearish break out of this pattern is more likely than a bullish one.
For the coming weeks, I'm expecting the price to follow the pattern. Somewhere late January / early February we can expect a big move, since the price has reached the end of the pattern.
Keep a close eye on Bitcoin. Bearish BTC will most likely signal a bearish break out, and the other way around.
Happy trading!
Descending triangles are classically bearish trading patterns, so a bearish break out of this pattern is more likely than a bullish one.
For the coming weeks, I'm expecting the price to follow the pattern. Somewhere late January / early February we can expect a big move, since the price has reached the end of the pattern.
Keep a close eye on Bitcoin. Bearish BTC will most likely signal a bearish break out, and the other way around.
Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.