BTC\1H Doing a pennant which is a sign of continuation
With yesterday move performing a SL hunt and start to performing a pennant there which shows us there might be more down side to come.but it could also invalidate it by going up and taking all the liquiditiy around 22900 to 23400.
Todays Events will totally spice things up even more than yesterday
Dxy...
BTC/1H `at the bottom of rising broadening wedge Forming another pennant `
After Pumping into 23.9 yesterday btc gets rejected at a local support and starts to bleed and touches the bottom of the rising broadening wedge
The Rejection was heavier than the pump and price endedup consolidating near the bottom of the wedge indicating we might exit it again
Also...