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gt3verse

BTC NEEDS TO CLEAR PENNANT FORMATION & CLOSE ABOVE 50EMA (12H+)

Long
Bitcoin (BITSTAMP:BTCUSD)  
gt3verse  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators
2
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trendanalysis chartpattern indicator
Ladies and Gents -

Something I noticed most are not discussing on TradingView, Crypto Twitter, and Youtube 📈:

  • 50EMA needs to be held as support on larger time frames (12H+) (currently neutral).
  • Bottom of Descending Channel confirmed at the $41k level (maintained market structure, so still bullish overall). 🐂
  • Current rising price is supported and forming a (bullish) pennant. 🐂
  • Price has until approx. December 14th before BTC makes a decision (up or down) (my call is to the upside). 🐂


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