Modern chart pattern statistics: BTCUSDT, Pennant
Updated
This is a boring time for the crypto market when the King (BTC) keeps running sideways.
On 4 hours timeframe, there is a pennant pattern appeared.
My prediction is noted on the chart.
My 'Triple TRIX indicator' points down, I tend to bearish favor for the next days.
On 4 hours timeframe, there is a pennant pattern appeared.
My prediction is noted on the chart.
My 'Triple TRIX indicator' points down, I tend to bearish favor for the next days.
Note
BTC chose to dump to below 9k to fill CME's gap. A possible buy zone is 61.8% to 38.2% Fib. (teal color lines on the chart).Note
P/S: I will buy when the fastest TRIX (the yellow one) crosses above the teal color TRIX. Or to be safer, I will buy BTC when the yellow line crosses above the zero lines.
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