Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to the new BTC update. BTC is currently trading around the $30.2k level.
As you see in the chart, it is forming a bearish pennant in 1hr time frame. It already breaks down this pennant and a retest is also done. According to this pattern, we might see a big sell-off today.
If this pattern plays out accordingly, then we see a dump up to the
29K
level from here.
Invalidation:- If the hourly candle closes above $30.5k then this bearish pattern will be invalidated.
What do you think about this?
Do you also think that we see a dump from here or do you think that we pump from here?
Let me know in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to the new BTC update. BTC is currently trading around the $30.2k level.
As you see in the chart, it is forming a bearish pennant in 1hr time frame. It already breaks down this pennant and a retest is also done. According to this pattern, we might see a big sell-off today.
If this pattern plays out accordingly, then we see a dump up to the
29K
level from here. Invalidation:- If the hourly candle closes above $30.5k then this bearish pattern will be invalidated.
What do you think about this?
Do you also think that we see a dump from here or do you think that we pump from here?
Let me know in the comment section.
If you like this idea then do support it with like and follow.
Thank You!