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BTC NEEDS TO CLEAR PENNANT FORMATION & CLOSE ABOVE 50EMA (12H+)
Bitcoin
Long
BTC NEEDS TO CLEAR PENNANT FORMATION & CLOSE ABOVE 50EMA (12H+)
By gt3verse
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Dec 7, 2021
2
Dec 7, 2021
Ladies and Gents -
Something I noticed most are not discussing on TradingView, Crypto Twitter, and Youtube π:
50EMA needs to be held as support on larger time frames (12H+) (currently neutral).
Bottom of Descending Channel confirmed at the
41K
level (maintained market structure, so still bullish overall). π
Current rising price is supported and forming a (bullish) pennant. π
Price has until approx. December 14th before BTC makes a decision (up or down) (my call is to the upside). π
Show me some love with a like and follow ππ
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gt3verse
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