The price is close to two long-term support lines which is likely to be tested in the next candles
BTC is testing the key level at 81600 right now and if this level fails to hold BTC will falls to 69-72k which is the bottom of falling wedge
is it really a cup and handle ? so btc will range between 58-64 for one-two months and then will break the key level ...
First support : 24200 Second support : 19300 First Resistance : 36600 Second Resistance : 40900
Entry : 17300-17500 First Target : 16800 Second Target : 16100 Stop Loss : 18570
Entry : 12150 Target : 13180 Stop : 11750
Entry : 9315-9330 First TP : 9240 Second TP : 9170 Stop : 9450
no description needed :)
Pullback
Fakeout = Reversal
btc trying to breakout from the big descending channel and/or big triangle , but i think its the final wave of impulsive waves and the corrective waves will play out soon
Target 1 : 8120 Target 2 : 7800
we are now at 0.618 and the price has formed a bear flag that can lead the price to 3k once again
can we call this a pennant ?!
