Right now, we're still looking good for another break down towards $5000. This 2H pennant is nearing it's close, I'd say we have somewhere between 4-8 hours before we decide which way we're going to break out of it. I'll update when we break out of this and see where we go from here. Right now, this looks like a pretty text book bearish pennant though.
Note
There is the possibility of us breaking upwards due to a recent scenario:$50,000,000 in Tether has been moved to the Bitfinex exchange, potentially leading to a pump in Bitcoin. Let's see what happens!
twitter.com/MilesBlack5/status/1063839484645658625
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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.