BTC BEARISH PENNANT PATTERN📈

13 ก.ค. 2022

BTCUSDT | Lately, BITCOIN has made majority to be contingent and as a result of that, different critiques were disseminated and investor are starting to trade based on sentiment and leveraging the opportunity of btc trading low. DCA is very vital at this juncture as it is an excellent approach of buying during bear seasons. Ever since bitcoin made its way to 19k, we've seen a various setups on the lower and higher tfs. The present chart shows a bearish trend with btc trading at the exit(higher low-HL) of the specified bearish pattern. In this case, we will consider its reaction at the bottom of the pattern, the possible movement has been indicated on the chart. If 18k holds (which is unlikely), BITCOIN will tend to consolidate in a RECTANGULAR PATTERN until we get to see a breakout at the top and bottom of the pattern which are 23K and 18k respectively. Else, BITCOIN will continue its retracement to the next support level btw 12K - 14k.

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