BTCUSD probably forming bullish pennant but we need to confirm breakout from redline to have full confirmation. Target 9100.
Note
Breaking down through green line invalidates patternNote
BTC can't break the downtrendtrend easily. The resistance is quite heavy but the angle of resistance is very high and we should break it sooner or laterTrade active
We got already one false breakout. It was collecting openning longs and closing shorts. Pennant still holds support. Watching carefully.Order cancelled
Support broken. No long position
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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.