Btc has been in a long term bull run as you can see in the chart. It has formed what appears to be a bull pennant. The question is where does the flag pole begin??? My chart also indicates if we turn bearish from here where I think the lowest plausable target would be and has all the supports list between where we are and the low. I am not saying thats what going to happen but I still have thought about the possibilities. Happy trading and don't use my chart for trading this is my opinion and not to be used as trading advice. Do so at your own risk
Note
Clos up of current movement in the overall picture. The price is testing the old top trendline of the pennant sitting on top of it and it needs to push off and test this line before the market can move higher and it never used it as support previous so this move was neededNote
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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.