BTC pennant.
2 possibilities, in my opinion.
1) we recede to 30k again forming a double bottom before a sprint to our current ATH.
2) we, either, finish the "abcde" wave and attempt to leave the pennant or blow out before completing, retest and take off.
I feel the 28th, when options expire, the run will truly begin upwards. If not immediate, there will be a bullish pattern imo. we've been very bearish since the last closing and I feel as though price action will have an opposite effect from the norm (upwards march)
also MACD does seem to be leaning into the black strand.
2 possibilities, in my opinion.
1) we recede to 30k again forming a double bottom before a sprint to our current ATH.
2) we, either, finish the "abcde" wave and attempt to leave the pennant or blow out before completing, retest and take off.
I feel the 28th, when options expire, the run will truly begin upwards. If not immediate, there will be a bullish pattern imo. we've been very bearish since the last closing and I feel as though price action will have an opposite effect from the norm (upwards march)
also MACD does seem to be leaning into the black strand.
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To be clear, i do believe down then up.
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bull flag but wave consensus says down
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We've slipped out. IMO we will retest 37600.00 and fall to 35k or 32k
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28th-29th turn around day
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H&S complete, i selected this period before, the blue pillar. This is the period we'll touch lows ... before our rise
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breakout confirmed, retest rectangle then chew through 37k