BTC Bulls Are Back or liquidity grab ?
BTC/45M
Before the pump yesterday, WE formed a pennant (two purple lines bottom left) then we legged up insanely to ~24900 but did not touch the origin point of resistance ~25212.
now we are forming the same pattern (two red line top right).so this could go up to ~28600 with this momentum that its showing. Green drawing shows the wave of the pennant which both have the same wave.
pennants usually are sign of continuation and if they fail it could be a jebait or a complete retracement.
My personnal bias is down side due to market and world economy situation.
Also made a video today which unfortunately is in DXY category in link to related ideas
Please Comment,Boost,Follow if you find this interesting
Before the pump yesterday, WE formed a pennant (two purple lines bottom left) then we legged up insanely to ~24900 but did not touch the origin point of resistance ~25212.
now we are forming the same pattern (two red line top right).so this could go up to ~28600 with this momentum that its showing. Green drawing shows the wave of the pennant which both have the same wave.
pennants usually are sign of continuation and if they fail it could be a jebait or a complete retracement.
My personnal bias is down side due to market and world economy situation.
Also made a video today which unfortunately is in DXY category in link to related ideas
Please Comment,Boost,Follow if you find this interesting
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.