Hello, all
Here is my personal view on BTCUSD market. We are still in bearish trend and are now forming a clear continuation pattern - bearish pennant. If it works as supposed too, we can see a drop to a next strong support zone, which is around 24,000.
On the other hand if this is a symmetrical triangle, then we can touch a 42,000 resistance level.
MACD...
Previously, I specified a clear double bottom and optimistic RSI and MACD indicators. Now I can (personally) see an inverse H&S formation on 1H - 4H. If it works, we can soon see 44,000 USD per BTC.
This is just my personal opinion and not an advice for trade.
Hello, all
First of all, please don't panic and sell. If you can read indicators and patterns, you could see that at 33,000 it was a strong support earlier this week. Now we see a clear double bottom formation 4H time frame.
RSI shows a positive sign too, for example at 4H you can clearly see a rise from oversold towards the middle of the trend
MACD is turning...
