Hi everyone
if you followed my last publish on Bitcoin you can remember I mentioned about
the consolidation periods after drop. at the chart below also you can see how
the price dropped deeply after breaking the channel line downward to respect
the bearish ascending channel rules.

for now price is forming a pennant or triangle and based on this forming...
a short term upward pressure is expected. also if this scenario works then another
ascending channel pattern will shape and based on that the market would see a bigger
downward pressure.... but this strategy is not what we expect for now so our focus is
on short term bullish strategy. based on this strategy if the price could mange to close
above the top line of the pennant has strong chance to move upward.
however this move may takes a little more days to happen.

let's see
Enjoy the market
if you followed my last publish on Bitcoin you can remember I mentioned about
the consolidation periods after drop. at the chart below also you can see how
the price dropped deeply after breaking the channel line downward to respect
the bearish ascending channel rules.
for now price is forming a pennant or triangle and based on this forming...
a short term upward pressure is expected. also if this scenario works then another
ascending channel pattern will shape and based on that the market would see a bigger
downward pressure.... but this strategy is not what we expect for now so our focus is
on short term bullish strategy. based on this strategy if the price could mange to close
above the top line of the pennant has strong chance to move upward.
however this move may takes a little more days to happen.
let's see
Enjoy the market
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