BITCOIN: Breakage of the Bear Pennant
It just happened now.
BITCOIN has broken out the the Bearish pennant at the hourly-chart.
We can find some weak support at 6100 USD or so but IMO the most likely is that BTC will drop till around 5950 / 5900 USD...
This level of prices has been touched a few times during last months, representing now the most consistent support for BITCOIN to rebound.
That would be the completion of 5-waves down...
Hope it would be sufficient to re-start again some consolidation from which departing upwards again.
There is a more bearish count in the hat, based on a 5-3-5 corrective pattern, but first I want to see how the market behaves right now before declaring it...
Trade safely.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Published on
by toofasteddie
Finally! Let's have it dump.... i feel we cant go up before we haven't seen a firm break of the 6K, 5k should be possible, and then we are finally in the valley of tears, which will be the base for a new rise...
Capitulation!!! 😂😂😂
uy uy uy... upvote.
Congratulations @toofasteddie! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
in tears lol