Bitcoin appears to be consolidating in a bull pennant.
A pennant has a descending resistance and ascending support. Remember, this can easily turn into a flag, a descending parallel channel. For that to happens, support breaks... people get bearish, only to see another form of bullish consolidation. So be careful.
Price is clearly interested in the $40,000 key area here,
Am expecting BTCUSD to continue buliish but we have to first wait to get good entry to buy around:
*40000 to 39700
A pennant has a descending resistance and ascending support. Remember, this can easily turn into a flag, a descending parallel channel. For that to happens, support breaks... people get bearish, only to see another form of bullish consolidation. So be careful.
Price is clearly interested in the $40,000 key area here,
Am expecting BTCUSD to continue buliish but we have to first wait to get good entry to buy around:
*40000 to 39700
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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.
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.