I can be bearish or bullish but right now, i am bearish I was bullish before. but now I am bearish because the bottom point that needs to be protected is broken. There are two different scenarios, there is a liquidity below, if the price comes below that point, the decline will continue, but if the previous peaks I mentioned are broken, I can look bullish on the market, but I am currently bearish.
Btcusdttrend
BTC/USDT D ( downtrend & longterm ) BINANCE:BTCUSDT
Hey there dear attendants
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According to my analysis the downtrend of btc has been started and we should wait for 17000
is not financial advice
BTC BEARISH PENNANT PATTERN📈BTCUSDT | Lately, BITCOIN has made majority to be contingent and as a result of that, different critiques were disseminated and investor are starting to trade based on sentiment and leveraging the opportunity of btc trading low. DCA is very vital at this juncture as it is an excellent approach of buying during bear seasons. Ever since bitcoin made its way to $19k, we've seen a various setups on the lower and higher tfs. The present chart shows a bearish trend with btc trading at the exit(higher low-HL) of the specified bearish pattern. In this case, we will consider its reaction at the bottom of the pattern, the possible movement has been indicated on the chart. If $18k holds (which is unlikely), BITCOIN will tend to consolidate in a RECTANGULAR PATTERN until we get to see a breakout at the top and bottom of the pattern which are $23k and $18k respectively. Else, BITCOIN will continue its retracement to the next support level btw $12k - $14k.
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