Back in the Pennant Again
Looks to me in the 4HR timeframe and up that we are in a big 'ol pennant. You could short from here for a week, long from ~$33000 or both, but my bet is that this confirms the bottom of the pennant, resets the weekly RSI a bit and breaks to the upside later next week.
The easiest trade on this analysis would be long at $33000 with a tight stop loss below the trend line... the next one would be a short from here down to the 33k range to make money both ways, with a stop set above the pennant.
The easiest trade on this analysis would be long at $33000 with a tight stop loss below the trend line... the next one would be a short from here down to the 33k range to make money both ways, with a stop set above the pennant.
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