BTCUSD are we close to seeing some direction?
Hello TradingView community, today’s video update focuses on BTCUSD as price remains fixed in a pennant consolidation pattern.
With the Medium-term trend and possibly the longer-term trend lower, you could lean toward this being a potential continuation pattern, but as noted in the video, we defiantly think it’s essential to wait for a clear breakout before thinking about picking a direction.
Short term Support 29,000
Short term Resistance 30,300
This pattern can also be seen on ETHUSD as well, and we’re also keeping an eye on that coin as well.
Good trading.
With the Medium-term trend and possibly the longer-term trend lower, you could lean toward this being a potential continuation pattern, but as noted in the video, we defiantly think it’s essential to wait for a clear breakout before thinking about picking a direction.
Short term Support 29,000
Short term Resistance 30,300
This pattern can also be seen on ETHUSD as well, and we’re also keeping an eye on that coin as well.
Good trading.
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