BTC posts unconvincing bear pennant, world shrugs

Good job, Bitcoin. Right around the time the hashrate buy signal was busy flashing, you printed an adorable little bear pennant that's hard to take seriously because it's within a bull pennant within a bull pennant. Now we get to sit around watching you range within a narrow spectrum while arguing over whether the bull run starts anywhere from tomorrow to October. Do I expect another major dump soon? No. I expect tiny, tiny gains for a few days and perhaps a pulsar star style doji candle or two with big wicks to liquidate people who trade in ranging markets because they hate having money. Is it possible we can dump again? Yes, but the bears have been trying like heck all day and they keep bouncing off of support, so I don't think it's happening. We'll dip below it a few times, but I don't think we're going to see any major moves for at least a day and probably two. The logarithmic charts show this being a great time to buy bitcoin. On the other hand, it might be altcoin season. Do your research.

Order cancelled:

The comments pretty much cover it XD