BitcoinLong
BTC pennant forming
This chart in conjunction with my most recent one shows that a 42k+ BTC could occur sooner than expected. Possibly by the end of the day if the bullish breakout from this pennant occurs and meets its target.
Otherwise, a breakdown to 38k would delay 42k, that's if it's still on the table within the next week (based on previous post).
As a note, it is important to check for a retest of support/resistance when a breakout occurs in case of a fakeout in either direction.
Otherwise, a breakdown to 38k would delay 42k, that's if it's still on the table within the next week (based on previous post).
As a note, it is important to check for a retest of support/resistance when a breakout occurs in case of a fakeout in either direction.
Related publications
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.