MrInvertigo

BTC could test upper limit a fourth time

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KRAKEN:BTCUSDT   Bitcoin / Tether USD
BTC pennant. Same setup. It's been rejected at the upper resistance level 3 times now. But if BTC can break through this pennant it can go test the upper range yet again. Fouth times the charm? (marked on the chart in the top yellow circle).

If BTC goes below the current pennant, lookout.. there is a bit of a head and shoulders pattern forming and BTC could drop all the way down to the bottom yellow circle before finding some support.

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