BTC potential bear pennant incoming

Outlook for BTC continues bearish as current failure to break downtrend resistance at $8,4k has potential to put BTC into another bear pennant . Indicators looking bearish on all timezones from 1hr to 4hr and sell pressure continues to build. At this point the best outcome for price action is that a bounce and reversal is found in the A box, which would cause an inverse head and shoulders with potential for trend reversal. A bounce at B, could be considered double bottom reversal and the bulls will appear again. C, would be the most troubling result an could create bastard bear flag so for the love of god if you're buying the dip tell everyone to do it at A!

Alternative possibility of Adam & Eve double bottom at C, next few days will show BTC future through March

BTC broke above previously stated resistance but continues to draw parallels with previous bear pennant setup. Price is pushing down and out of rising wedge and if it closes outside on the 4hrly looks set to visit at least 7,2K. This would be the best option as any lower and we have to start worrying about if this is another bear pennant or we can have an Adam & Eve reversal.

If we revisit 6k on this leg down, I will also rejoice, as that could give a slower more sustained recovery, in double bottom form.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出