Bitcoin
Short
Updated

Potential Bearish Pennant

1 450
High TF bearish consolidation suggestive of bearish continuation.

This target would also break the longstanding descending triangle.

Stop entry <6140
SL = 6400
TP = 5000-5350

Previous resistance turned support from Sept and Oct of last year also at these TP levels.
Note
does this mean i'm both bear and bull?

no, but sitting long rn with tight stops
Order cancelled
hopefully this idea is officially dead

snapshot
Note
leaving my personal stop-entry for now with long stops at BE

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.