After the peak bitcoin has been consolidating in pennant, overall still indecisive in my opinion until there’s a clear break.
But there are opportunities for more short-term trading.
Right now, Bitcoin has respected the pennant once again bouncing off the bottom and off the upper range of previous swing low.
Should this hold, consolidation would continue and price could form a lower high at pennant resistance in the $9000 area.
But there are opportunities for more short-term trading.
Right now, Bitcoin has respected the pennant once again bouncing off the bottom and off the upper range of previous swing low.
Should this hold, consolidation would continue and price could form a lower high at pennant resistance in the $9000 area.
Comment
Beginning to set entries for this trade, staggering bids at $7350, $7250, and $7100. SL: $6500.Comment
Bids filled with that drop- holding till stop loss
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