BTC - She's coiled and ready to spring!steemCreated with Sketch.

in bitcoin •  24 days ago 

Bitcoin is coiled like a spring.

The recent price action has been tightening and moving into an ever tightening range.

We have lower highs and higher lows.

For those looking at charts, we see a bull pennant has formed:

(Source: https://twitter.com/themooncarl/status/1166604623995650048)

These things are usually continuation patterns, meaning that prices usually resolve to the upside.

However, the probabilities are not very high.

Meaning that it is only slightly better than a coin flip.

How will this one resolve?

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