BitcoinShort
Short
Continuation from my previous idea. I'm not in a trade based on this analysis. I'm going to remain out until I get a better signal to buy. In the previous analysis I remained neutral as to where price will go, but where is the fun in that? Here I commit to a bear market; price is currently above downward trendline without momentum; pennant formation funneling price upwards on trendline without historical support; flag formation on higher TF; and, general market conditions. Expect bounce at either 4k or 5k depending if price reaches said price areas above or bellow main trendline.
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