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Bitcoin
Short

BTCUSD Short Opportunity

202
Really strong ascending trendline channel is already broken and retested. Price also made nice pennant pattern and rejected a resistance level. We can definitely expect bearish pressure because it’s needed on higher timeframes as well. We have similar scenario as on my previous analysis (ETHUSD).
JanKoristka
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Chart PatternsTechnical IndicatorsTrend Analysis

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Chart PatternsTechnical IndicatorsTrend Analysis
JanKoristka
Also on:

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.