Cryptolover333

The bearish pennant has been converted in a descending Triangle

COINBASE:BTCUSD   比特币
The previous Bearish Pennant has been converted in a descending triangle, Bitcoin has retested the previous support line a couple of times and is now also making resistance with the previous resistance line, the new support line has been hit two times already and could be a valid line of support also I have to comment here that we are creating some bullish divergence with some indicators, RSI, Momentum and Chaikin Money Flow, bitcoin MACD also have a cross over to the upside in this 4 Hours Chart so there is a good chance that there could be a breakout to the upside, the target line matches exactly with the top yellow line mentioned in my previous ideas, so keep an eye on this.

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