thebigloafer
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since Jul 12, 2012
beyondta
btc
chartpattern
pennant
supportandresistance
trendanalysis
trendline
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BTC hit major resistance at 40k. Lost moment in the news cycle after capitol events on the 6th. In the last few days it's been trading in the pennant. I've noticed it bouncing off 3 month trendline. Will it be able to break though 40K? I think there is lots of uncertainty around the 20th.
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BTC is forming a triangle pattern setting up for a break out.
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Covid Cases are on the rise. If this continues into the fall it could be worse than March. but with unemployment ending in July and fed is itching to crank up the printers. Also I'm expecting a lot of volatility until the next president is decided. not to mention international tensions. I'm hoping for reasonable buy in opportunity before November. Or maybe...
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