"Sell Setup" BTC/USD by ThinkingAnts
1H CHART EXPLANATION:
- After the Break out of the Ascending Trend Line with a previous Bull Trap, Price is on a Pennant Continuation Pattern.
- We will be waiting for a retest of the Minor Resistance zone (top of the Pennant Pattern) and then for a Break out of the structure, looking for a down movement towards 4859.8 to close our position.
- For the full Top and Bottom analysis check our previous post on BITCOIN, linked on the post.
- After the Break out of the Ascending Trend Line with a previous Bull Trap, Price is on a Pennant Continuation Pattern.
- We will be waiting for a retest of the Minor Resistance zone (top of the Pennant Pattern) and then for a Break out of the structure, looking for a down movement towards 4859.8 to close our position.
- For the full Top and Bottom analysis check our previous post on BITCOIN, linked on the post.
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