$BTC Bearish Pennant spotted

2019年12月3日

Here we have very strong support. Really very strong, because it is a global Price Pivot Zone.
The main resistance is now much closer to the actual price. So interesting setup there.

Pretty clear Bearish pennant spotted on 1H timeframe.
In this case, we will go down to ~$6200-$6450 zone

AlT: Local updated channel if we will break this main resistance. And it can be broken only with only strong impulse.

Very hard to choose the direction right now. So I will leave it as Natural.

2019年12月3日

註釋

1-2 days flat will mean that we will breakdown the possible support of the local uptrend channel. Then I will take SHORT to $6600-$6800.

2019年12月4日

註釋

BTC suddenly pumped. One more point, why take SHORT/LONG before any direction confirmation is not appropriate in trading.