BITCOIN: Breakage of the Bear Pennant

in bitcoin •  2 months ago

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.

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by toofasteddie

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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.

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in tears lol