Here is my analysis for BTCUSD, I see that there was a first pennant that confirmed a bearish trend for bitcoin due to the fact that it tested the resistance at 2950. I see a second pennant forming itselft and it the case BTC goes under the support line at 2420-2440, I predict a bearish trend to the 2300 area. Otherwise, it will go up to 3000. Watch it carefully ! I will try to update you every time there is a major change.
Chears and good trading !
Chears and good trading !
Trade active:
I am shorting BTCUSD in the short term right now. Watch it if it goes above 2600, it will get a upward trend to probably test the 3000 resistance.
Comment:
BTCUSD is at 2450 now, Let's see if it will retest the support line or goes under it, watch it close and if you love risk, you can short with a stop loss at 2600, otherwise, wait for it to achieve 2420 just to confirm the penant pattern.
Comment:
I think that 2475 is a bull trap. wait until the end of the hour to see and have more signals