Bearish pennant for BTC!
Hi there, hope everyone is having a profitable day
As you can see in the picture unfortunately there is a bearish pennant that has been formed in BTC chart.
The timeframe that i choose is 4H but you can find this in 1H and daily chart too. Currently the downward move is in the same direction as predicted.
The target for bearish move of BTC is around 13.8k as it is calculated based on the bearish move before the pennant.
As you can see in the picture unfortunately there is a bearish pennant that has been formed in BTC chart.
The timeframe that i choose is 4H but you can find this in 1H and daily chart too. Currently the downward move is in the same direction as predicted.
The target for bearish move of BTC is around 13.8k as it is calculated based on the bearish move before the pennant.
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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.
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.