Bitcoin appears to be consolidating in a bull pennant.
A pennant has a descending resistance and ascending support. Remember, this can easily turn into a flag, a descending parallel channel. For that to happens, support breaks... people get bearish, only to see another form of bullish consolidation. So be careful.
Price is clearly interested in the $40,000 key area here,
Am expecting BTCUSD to continue buliish but we have to first wait to get good entry to buy around:
*40000 to 39700
A pennant has a descending resistance and ascending support. Remember, this can easily turn into a flag, a descending parallel channel. For that to happens, support breaks... people get bearish, only to see another form of bullish consolidation. So be careful.
Price is clearly interested in the $40,000 key area here,
Am expecting BTCUSD to continue buliish but we have to first wait to get good entry to buy around:
*40000 to 39700